Ethereum (ETH): A Scenario for an Incremental Lower Low

[haejin]

SUMMARY

Ethereum (ETH) is showing its 4 hour MACD to be breaching the upper resistance of the contracting lines. The below chart shows (yellow circle) and the white line could re-enter the triangle or sit on the prior resistance line as support.

The histogram is putting clear higher highs and this had been diverging from price for quite some time now (since mid February).

Here are the microcounts showing the scenario for an incremental lower low which is positively diverging from the MACD pathway.

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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Comments

[rollandthomas]

Agree.

Big Picture

We have a shot of going higher if we can take out the sellers at $450 on the 4 hr chart.

[thabiggdogg]

[rishabh2s]

Nice Analysis

[thabiggdogg]

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[cmoljoe]

[lop8k]

This is the BEST bitcoin analisys (check it out): http://cryptosrocket.com/btc/2018/03/29/lets-see-the-big-picture-and-whats-next

[thabiggdogg]

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[readone01]

Nice post

[thabiggdogg]

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[cryptorasel]

Your analysis is very helpful. Ethereum could down. Thanks

[grisotti]

Ethereum continued its downward movement, breaking through the psychological level of $ 400. The next possible target of such movement may be a range of $275.35 — $222.94.

[s1d1n01]

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[danuel505]

This analysis is good helpful, thanks for sharing.

[daviddona]

jajaj, I Hope..

[metiu]

Thank you for update!

What about like this with macd 4h?
https://www.tradingview.com/x/mjDDxmrk/

[ksiaceh]

Information good friends

[steviecrypto]

Thanks for your charts and interpretation. I am surprised about what is going on with Ethereum right now...although I'm sure there are many variables that are effecting its' price right now, the projection is realistic and shocking. I wonder if this will change in the coming short while as NVIDIA is releasing it's new 'mining-specific' GPU and BITMAIN has already begun selling (I think) the Antminer E3 (an Ethereum ASIC). Keep up the good work. -Respect

[dreamfollower]

It helps decision where we go.