Etn weekly chart 8.5.26.

Etn weekly chart as promised. As you can see the last 3 rallies all look quite similar in the way they played out. The red arrows represent the timing of the bottom stochastic rsi crosses in the monthly chart. As previously stated in my last post that this indicator was significant for price action. Today's chart looks to me to be the most positive one out of the charts I have shown you lately (but they all look good!)

Repeated printed candle patterns in the price action. Stochastic rsi oversold on the monthly and just crossed at the bottom. MACD is in an uptrend and green=positive momentum. The MACD (blue line) is above the signal line (red) and if those lines cross the centre line we will be in business. The rsi is printing higher highs and higher lows. All of these indicators occuring on the longer time frame charts is excellent news!😋

If the Etn team keeps creating collaborations like Splinterlands via the developers grant scheme and rumoured RWA for business ventures/supply chains etc...... and community project developments like Ninjars,  Core Clashes, Galatic Sports League (to name but a few) are being deployed then it's only a matter of time before price action gets knocked out of the park! 😁