ETH/USD - Longer timeframes signaling down; 4H support holds

7 ต.ค. 2018

Chart is Heffae Clouds 4Hour (left) and 8Hour (right)

I added arrows to highlight signals you may trade on with the cloud SnR paths.

The "target" on the current 4H candle is the RealTime Additive, which is a trend indicator, and can act as resistance here if the trend is to continue down.

The 8Hour has signaled a drop out of cloud bottom, which is bearish.
Soon price will interact with the Daily:

Pictrued is both alternate path preset 1,1 as well as default settings (0,0)

Targets 210 -206

8 ต.ค. 2018

บันทึก

Added on to short at 230 and 235 based on 8H cloud.

I may update my targets as time goes on; hopefully the 8H support holds and getting long from ~222-220 while closing short turns out to be a good move:

11 ต.ค. 2018

บันทึก

Weekly has broken down, continued downtrend towards supports at 140 likely:

12 ต.ค. 2018

บันทึก

12Hour broken, this path is very valid based on prior interactions.

I think price will hug the underside of 12H cloud, shallow rising consolidation pattern, and then break down further to the 14x target of weekly.

Possible to find support in Real-Time SnR of shorter timeframes and break 12H to the upside, but not likely.