Institutional Investors are Paying a WHOPPING 287% INCREASE for Ethereum: USD/ETH (ETH=)
GrayScale holds a COMMANDING 277,00 Bitcoin BTC with no signs of slowing down AND institutions are paying a PREMIUM just for the ETHEREUM ETH trust! Google searches are WAY UP for Bitcoin BTC following the 10k bump. BitPay + Poynt = crypto payemnts (no XRP though!) and the SEC busts a scammer for 33 MILLION that defrauded physicians!!
►SCAM OF THE DAY! (Let’s police our community!) — http://bit.ly/scamoftheday
Story #4 LINK — https://dailyhodl.com/2020/02/12/bitpay-bringing-btc-eth-and-bch-payments-to-100000-retailers-xrp-mysteriously-missing/ Story #5 — https://www.cryptoglobe.com/latest/2020/02/google-searches-for-bitcoin-jump-after-btc-hit-10000-last-week/
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 197.97.
The projected upper bound is: 291.92.
The projected lower bound is: 248.85.
The projected closing price is: 270.38.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 34 white candles and 16 black candles for a net of 18 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 81.6709. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 10 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 82.46. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 10 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 139.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 10 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 15 period(s) ago.
Rex Takasugi – TD Profile
FOREX ETH= closed up 5.140 at 267.550. Volume was 51% below average (consolidating) and Bollinger Bands were 206% wider than normal.
Open High Low Close Volume___
262.420 270.500 262.100 267.550 47,791
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 234.78 171.79 175.29
Volatility: 88 70 72
Volume: 257,987 124,235 77,938
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FOREX ETH= is currently 52.6% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into ETH= (bullish). Our trend forecasting oscillators are currently bullish on ETH= and have had this outlook for the last 39 periods. Our momentum oscillator is currently indicating that ETH= is currently in an overbought condition.
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