Market Analysis of September 20th, 2019 – 4C-Trading
The CCI is on the decline. The MACD was on the rise and is now at the horizontal crossing point. The WaveTrends is down but with signs of curvature and upward crossing.
Over a time horizon of 4 hours, the MACD, CCI and WaveTrends are on the rise. The situation is rather positive. There is a divergence in time horizons.
We recommend to remain attentive to the evolution of the BTC, a break of the weekly open is possible, as well as a return to the monthly open.
ETH continues its rise and closed with a bullish movement, it currently evolves around $218 (+15% compared to the weekly open). Despite everything, the daily technical situation is rather negative and a reversal is still possible.
The MACD and WaveTrends are up while the CCI is down.
Over a time horizon of 4 hours, the MACD shows signs of curvature and imminent crossing. The CCI remains down and the WaveTrends has crossed down.
What to do about it?
We advise you to remain attentive to its evolution, a possible fall as well as a continuation of its ascent are possible, review your supports and resistances.
- The supports of the day are at 203$ — 190$
- The resistances of the day are at 223$ — 230$
We advise you to be attentive to the evolution of ETH and BTC, to review your supports and resistances.
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Published at Fri, 20 Sep 2019 11:03:15 +0000
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