It appears the pain is largely over. Buying pressure is pushing price up, with long landing wicks. The current daily candle is has been tacking red and green, but given that we didn't set a lower low I'd forecast that the next couple of days may range, but not break below 240.
I judge the bullishness/bearishness of price action by using the Stoch RSI to set cycles and the last two cycles have been very strong indeed, double digit price appreciation, pull backs are roughly a third of the appreciation.
The conversion line is holding strong support, no bodies opening or closing below it. The cloud is miles away, and the we have a Golden Cross on the daily. We're bullish ya'll.
Last ETHUSD golden cross the price went up double, which was sad because BTCUSD went x3. ETHXBT has spent the majortiy of the last 2 years under a death cross. However, as seen below, we have all the bullishness on ETHBTC we could ask for.
We have cloudbreak, we have a Golden cross, support holding on the conversion line.
I judge the bullishness/bearishness of price action by using the Stoch RSI to set cycles and the last two cycles have been very strong indeed, double digit price appreciation, pull backs are roughly a third of the appreciation.
Last ETHUSD golden cross the price went up double, which was sad because BTCUSD went x3. ETHXBT has spent the majortiy of the last 2 years under a death cross. However, as seen below, we have all the bullishness on ETHBTC we could ask for.
