Good day to all traders. ETH is still favoring a downtrend using the combination of Heiken Ashi, Tend Exhaustion and Money flow indicators. The vertical line I have printed provides a clear picture at this stage. Although ETH is trading slightly higher today it still correlates with the down trend using these indicators. Having said that and as the wedge is closing we might see a breakout to the upside in the near future. Following the indicators below the Trend Exhaustion should drop below or at least touch the bottom red zone marked in yellow and the Price vs Whale Money flow should be below the price in red which will indicate a move up. The greater the gap between the price and the money flow the larger possibility of a strong move to the up side. The lower the Exhaustion indicator prints below the bottom red zone the more likely a move up is in play. I will be long shortly. Looking at the money flow price indicator in red alone we observe that it is very low and near the bottom zone indicated in yellow and might spike the green money flow shortly. Time is on our side.
Have a nice day
Have a nice day
