Analysis:
ETH late night analysis shows price pushing lower. The last analysis focused on the Longer sentiment within the doorstep of a bearish possibility and did not disappoint at least the ones selling ETH. For those who are holding for the upside though.. Well this bearish sentiment needs to turn quickly back up or we could see a COLLAPSE.. Yes in capitals.
Foot Note:
-RIGHT CLICK ON IMAGE AND OPEN IN ANOTHER TAB TO SEE FULL RESOLUTION-
When analyzing this chart, you will notice the Slow Stochastics indicator. I find this indicator to be the complete indicator compared to the vast majority out there. Lets explore the terms I will be using. Also use the indicator based on its respective time-frame:
Time-Frame:
1 hour - Lasts 1 hour - Few days
Daily - Last Days - Week(s)
Weekly - Last Week(s) to Month(s)
Term used:
OB - OverBought (above 80)
OS - OverSold (Below 20)
Bullish - Above 50
Bearish - Below 50
Trend - Cross up in both channel line or Cross down in both channel line.
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