ETHereum is in a standard Triple Jump Development.
Before jumping high, it is better to squat first.
Pricing increased and Trading volume is smiling, increased, too.
But after X'Mas to New Year period, trading volume was slightly decreased.
The trading volume is too small to breakthrough the major pressure.
It looks like the price is attracting some lock-up floating to escape, in that case, if the price can Squat, then Jump, then can jump high.
Before jumping high, it is better to squat first.
Pricing increased and Trading volume is smiling, increased, too.
But after X'Mas to New Year period, trading volume was slightly decreased.
The trading volume is too small to breakthrough the major pressure.
It looks like the price is attracting some lock-up floating to escape, in that case, if the price can Squat, then Jump, then can jump high.
Note
Similar pattern found in (1) Brent crude oil in 2016 Jan to Feb(UKOIL), and
(2) DowJones Index (DJA) recently.
(1) Brent Crude Oil took around 8 days around neckline for narrow price movement, then breakthrough. (Daily Chart)
Link as follow
(2) But Dow Jones Index only took around 4 hours for completing the breakthrough process. (30 minute chart)
Link as follow
Sorry don't know how to insert chart here, therefore, please click the link to see them.
Note
OKNow I know just put the link, can insert the chart.
Note
300 hours average provide a very good support.Standing above 50 day average for 5 days.
Pattern from a flag.
Note
Just leave a record of fighting pattern
Note
9 days average cross above 50 for 2 day.Trading volume increased.
Cross trading between ETC and BiTCoin.
Let's see can it challenge 161 or not?
Bitcoin :
-stay above 9 days average for 2 days, and
-9 days average does not cross over 30 days average,
-price is still a little bit lower than 9 days average.(pressure).
-A little bit distance between 50 days average.
-Bitcoin Trading volume is still quite.
Note
Trading volume ratio with Bitcoin from 33%(normal ratio) to 64%(Yesterday).
Now back to 2nd market cap among the alt-currency.
Note
Dow Jones 1-2-3 Trippe Jump
Will it be the same pattern?
Note
Brent Crude Oil has the same pattern.
Jump, Jump, Jump.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.