Short

ETH/USD: Could be seeing a reversal to downward pressure soon

Updated

ETH/USD is testing the green upper 0.618 Pitchfork channel. If history repeats, ETH could be seeing a reversal to a period of downward pressure. The 100% retrace is HIGHLY UNLIKELY, but the 70% is LIKELY. Need to pay a close attention to the 12D Timeframe. The green line is at 108.36; Blue LSMA is at 100.91; Red RSI is at 104.56; & White Energy is at 59.56. When the white energy drops below 50 price action is likely to fall.

Note

The 12D candle closes in 1 day 19 hours.

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NOTE: Price action could still experience upward pressure. I am anticipating downward pressure AFTER the 3D, 6D, 9D, & 12D candles close in 1 Day 18 hours.

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I recommend checking out David's Technical Analysis for ETH

ETHUSDT: Sideways at Worst; Upward at Best Till Mid February

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Compare the 6h for ZRX/USD(TOP) with the 12D on ETH(BOTTOM)

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The Phoenix Ascending 2.201;
ZRX(6-hour): Green = 111.99; Red RSI = 109.18; Blue LSMA = 101.77; & White Energy = 58.5

ETH(12-Day): Green = 108.65; Red RSI = 104.61; Blue LSMA = 100.95; & White Energy = 59.88

WallerBaller

This is NOT financial Advice and I am NOT a financial adviser. This is my opinion based off of my knowledge of using these indicators.

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