On the weekly time frame TD is on a 7 out of 9 and the price is very close to the trend line. This COULD be very bullish if the 9 closes on the support line! The bad news is that we had a death cross (7ma & 30ma) and if we continue the down trend we might get another death cross (7ma & 50ma).
Also on the weekly time frame BB Width is almost at it's lowest value and the last time it got so low ETHBTC made a 54% move. When this happened ETHBTC closed under the 50 weekly MA (green on the chart). Until now ETHBTC closed 3 times under the 50 weekly MA: 1st time -54.03%, 2nd time -59.8%, 3rd time -13.71%.
For now it's very tricky to anticipate the price's direction but one thing is almost certain: A BIG MOVE IS COMING.
Also on the weekly time frame BB Width is almost at it's lowest value and the last time it got so low ETHBTC made a 54% move. When this happened ETHBTC closed under the 50 weekly MA (green on the chart). Until now ETHBTC closed 3 times under the 50 weekly MA: 1st time -54.03%, 2nd time -59.8%, 3rd time -13.71%.
For now it's very tricky to anticipate the price's direction but one thing is almost certain: A BIG MOVE IS COMING.
