Ethereum MACD Crosses on the Weekly For the First Time in a Year

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Summary

MACD Ethereum price analysis, Jan 2020As you can see above this key indicator crossed over in December 2018 when ethereum reached a bottom and headed off for $324. A key price indicator has turned bullish for ethereum on the long term chart of weekly price candles. MACD, which looks at momentum and trend direction over weekly periods in this case, has crossed over from a downwards trend to an upwards trend. As this is over a long weekly period, it does have weight for investors that have a lot of patience as it changes calculations over whether to jump in or otherwise. Then profit taking made the bullish blue line fall under the red one in July when price was $220.

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A key price indicator has turned bullish for ethereum on the long term chart of weekly price candles.

MACD, which looks at momentum and trend direction over weekly periods in this case, has crossed over from a downwards trend to an upwards trend.

MACD Ethereum price analysis, Jan 2020

As you can see above this key indicator crossed over in December 2018 when ethereum reached a bottom and headed off for $324.

Then profit taking made the bullish blue line fall under the red one in July when price was $220.

It then went to fall to $115 to turn again, reaching $170 on Tuesday and so making bullish blue just about cross over the red bear.

As this is over a long weekly period, it does have weight for investors that have a lot of patience as it changes calculations over whether to jump in or otherwise.

The price however is unpredictable so this golden cross doesn’t necessarily mean a continued bullish rise, but it might do.

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