We are in October, and prices for these crypto's have gone side to side.. What is it that they are waiting for? Perhaps the move of the $USD is also key to the rates of the crypto's even though they shouldn't. News and pairings have been the popular choice in moving the price higher or lower as sentiments still value fiat currency. Maybe in the future crypto values will be compared to other cryptos, but for now Fiat still stands as a standard of comparisons. If we do not break above $300 for a sustained period of time as reiterated numerous times in past blog, then ETH stands in limbo. Everyone needs to be convinced and everyone needs to push as a herd for anything significant to happen. Long-term Bullish sentiment, so a trade should be in SYNC to the upside until otherwise.
Foot Note:
-RIGHT CLICK ON IMAGE AND OPEN IN ANOTHER TAB TO SEE FULL RESOLUTION-
When analyzing this chart, you will notice the Slow Stochastics indicator. I find this indicator to be the complete indicator compared to the vast majority out there. Lets explore the terms I will be using. Also use the indicator based on its respective time-frame:
Time-Frame:
1 hour - Lasts 1 hour - Few days
Daily - Last Days - Week(s)
Weekly - Last Week(s) to Month(s)
Term used:
OB - OverBought (above 80)
OS - OverSold (Below 20)
Bullish - Above 50
Bearish - Below 50
Trend - Cross up in both channel line or Cross down in both channel line.
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