Technical analysis by HeWhoMustNotBeNamed about Symbol ETH: Buy recommendation (12/20/2022)
https://sahmeto.com/message/2740878

HeWhoMustNotBeNamed
Rank: 12179
Analytical Power:
1.5

Been thinking of building an algorithm for Wyckoff distribution detection. But, for now, just expressing my thoughts via this idea. While zigzag can be basic building block, using modified channels may help further in avoiding fakeouts. In this example, we can also see that OBV and RSI has divergence. Let's see if this results in a fakeout or continue to complete wyckoff distribution pattern.Took time. But, it did reach the intended target without hitting stop.
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Signal Type: Buy
Time Frame:
1 hourPrice at Publish Time:
$1,211.5