- As long the price action below the yellow line.. the trend still bearish.
- Break 2.236 fib line result a devastating down fall as many bearish pattern for ETHBTC already being formed.
- Break 2.236 fib line result a devastating down fall as many bearish pattern for ETHBTC already being formed.
Against BTC dominance. ETH dominance is manage to stand out from the top 10 altcoin.. some of them not being listed on TV yet.
June 08 2019 - Indicators on 4 hours :
DMI : +DI (buyer power) is rising. but ADX (momentum strength) is still weak. i expect a consolidation toward the fibonacci line/up trendline before it's had enough momentum to continue it's impulse movement.
RSI : it's in bullish trend on RSI. it's currently rising and expect to hit a resistance that i listed on the indicator bar before start it's consolidation.
MACD : buyer histogram is show a positive sign to continue it's bullish trend and the macd line is ready to cross create a bullish cross on macd. early sign of bullish trend forming.