Ethereum: Hurst Cycles - 15th April 2022

The move to the 40 day nominal low examined and the next moves for ETHUSD from Hurst Cycles perspective

Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend

Phasing Analysis

Long Term

Components greater than and including the 18 month nominal cycle

Medium Term

Components less than and including the 18 month nominal cycle

Short Term

Components around the 80 day nominal cycle

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Analysis Summary

ETHUSD came down to our risk sell target of 3100 described in the last report from a peak of at least 40 day magnitude on the 4th April. Whether that peak was also a peak of the 80 day component remains to be seen and will be resolved with the next move from an imminent 40 day nominal trough.