Ethereum: Hurst Cycles - 22nd Feb 2022

ETHUSD | Phasing Analysis Update, Outlook & Trading Strategy

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

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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Summary

At the last report into Ethereum on the 8th of February, price was at the 80 day FLD resistance and we anticipated a short into the 40 day nominal low:

Price has come up strongly from what is likely the 80 day nominal low, formed on the 24th of January and is now at the 80 day FLD resistance. Price may well track this FLD to the 40 day nominal low at the end of the month. Whether this is a bear market rally remains to be seen as we look to clarify the position of the 40 week component. The more favourable phasing suggests it is to come in March. A bearish FLD cascade is below price to the 40 day FLD level. A target of 2600 for the 40 day nominal low at or around the 40 day FLD support is appropriate.