đđ Let's Continue the Cyclical Market Analysis for ETHUSD Parity đ
- We see ETH, which completed its bull rally in 2018, as having completed its rally within the red box range I mentioned in the chart and completed its distribution process.
Immediately after the bear market, which lasted for about 1 year, our AsurAlgo algorithm gives buying signals and we see that the decline phase of the price ended at $ 136 levels. And we make our spot purchases at this price.
- It is seen that ETH, which started an intermediate rise and reached the S/R Flip levels, entered the intermediate distribution phase and the price lingered in this region for a while.
- After the completion of this phase, the price breaks the resistance in the $280/350 range, completes the R-Test phase that I showed in the yellow zone, and begins the next bull rally.
* When we look at the chart in the right image, we see that ETHUSD Parity has now completed the R-Test phase and is preparing for the next bull rally. See you at the next rally đ
