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1/8 Some conflicting clues for #Ethereum around the Weekly candle close last night. With the Monthly close flowing into the 4th of July holiday weekend, expecting some extra fireworks.
A 🧵using #TechnicalAnalysis and #TrendPrecognition to analyze #ETH...
A 🧵using #TechnicalAnalysis and #TrendPrecognition to analyze #ETH...
2/8 Sunday night in the final hour or so before the Weekly candle close, #ETH price was suppressed < $2 below the 200 WMA. Moments after the W close/open, price reclaimed the 200 WMA. PA has danced above and below the line since.
3/8 Regardless of whether #ETH can close this week above the 200 WMA, the retest has already been invalidated. Will look to next week to see if we can open and close a full candle body above the 200, that is if it doesn't retest the lows first.
