Ethereum (ETH): Just the MACD This Time
SUMMARY
Just looking at the Weekly MACD indicator, two things are apparent. The first is the higher lows the red histogram bars are making..this is bullish! Remember, the histogram bars are my early or leading indicator for how the 12 week (white line) and the 26 week (red line) lagging indicators will behave. The 12 week (white line) is also beginning to show signs of flatenning out...this is bullish because it shows that it's following the lead of the histogram bars.
I've drawn out the potential pathways for the white and red MACD lines. The rally from now into July or so should flash a fantastic weekly buy signal. At what level might the ETH price be in July? All Time New Highs, anyone?
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Time to buy more!
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let's hope for it, but we have to wait until confirm the uptrend.
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Great and useful information; than you