【ETHJPY】【July 19 14:15】【Price: 533655.】
### Forecast Results
For the price movement of ETHJPY after 4 hours, we believe the probability of an **increase** is the highest.
### Forecast Logic
1. **Daily chart analysis**:
- **Big Cycle**: Since it has stayed sustained and tends to rise steadily, the overall trend is up.
- **Rising Standard Deviation and ADX**: Suggests increasing volatility.
- **Bollinger Bands**: Prices have moved above BB1 and BB2, indicating strong upward pressure.
- **RSI**: A value of 95.22 is very high, indicating overbought conditions, but the persistence of the uptrend should also be considered.
- **EMA**: The 200-day EMA is rising, and the current price is above it, confirming an uptrend.
2. **4-hour chart analysis**:
- **Big Cycle**: Like the daily chart, it shows a long-lasting and stable upward tendency.
- **Falling Standard Deviation and ADX**: Indicates short-term volatility is decreasing, but the overall trend is up.
- **Bollinger Bands**: Movement remains within BB1 sigma, while BB2 sigma is in a squeeze, suggesting price stability.
- **RSI**: 46.37, not overbought, leaving room for further ascent.
- **EMA**: The 200 4-hour EMA is rising, and the current price sits above it.
3. **15-minute chart analysis**:
- **Big Cycle**: The uptrend continues.
- **Rising Standard Deviation**: Indicates short-term volatility is increasing.
- **Bollinger Bands**: Movement remains inside BB1 sigma with BB2 sigma in a squeeze.
- **RSI**: 44.46, not overbought, leaving room for further gains.
- **EMA**: The 200 15-minute EMA is rising, and the current price sits above it.
### Position in Elliott Wave
Based on Elliott Wave Theory, the current situation may position the price in the third or fifth wave of an uptrend. In particular, the high daily RSI suggests it could be in the final stage of the rise, but there remains a possibility for the trend to sustain.
### Chart Patterns
In the current chart, a consolidation pattern (such as a flag or pennant) within the uptrend may be forming. This indicates readiness for the next move higher.
### Dow Theory
According to Dow Theory, the uptrend is considered to be continuing. Higher highs and higher lows confirm ongoing trend strength.
### Conclusion
From the above analysis, ETHJPY is likely to rise over the next 4 hours. Monitor market developments and execute appropriate entry and exit strategies.
For the price movement of ETHJPY after 4 hours, we believe the probability of an **increase** is the highest.
### Forecast Logic
1. **Daily chart analysis**:
- **Big Cycle**: Since it has stayed sustained and tends to rise steadily, the overall trend is up.
- **Rising Standard Deviation and ADX**: Suggests increasing volatility.
- **Bollinger Bands**: Prices have moved above BB1 and BB2, indicating strong upward pressure.
- **RSI**: A value of 95.22 is very high, indicating overbought conditions, but the persistence of the uptrend should also be considered.
- **EMA**: The 200-day EMA is rising, and the current price is above it, confirming an uptrend.
2. **4-hour chart analysis**:
- **Big Cycle**: Like the daily chart, it shows a long-lasting and stable upward tendency.
- **Falling Standard Deviation and ADX**: Indicates short-term volatility is decreasing, but the overall trend is up.
- **Bollinger Bands**: Movement remains within BB1 sigma, while BB2 sigma is in a squeeze, suggesting price stability.
- **RSI**: 46.37, not overbought, leaving room for further ascent.
- **EMA**: The 200 4-hour EMA is rising, and the current price sits above it.
3. **15-minute chart analysis**:
- **Big Cycle**: The uptrend continues.
- **Rising Standard Deviation**: Indicates short-term volatility is increasing.
- **Bollinger Bands**: Movement remains inside BB1 sigma with BB2 sigma in a squeeze.
- **RSI**: 44.46, not overbought, leaving room for further gains.
- **EMA**: The 200 15-minute EMA is rising, and the current price sits above it.
### Position in Elliott Wave
Based on Elliott Wave Theory, the current situation may position the price in the third or fifth wave of an uptrend. In particular, the high daily RSI suggests it could be in the final stage of the rise, but there remains a possibility for the trend to sustain.
### Chart Patterns
In the current chart, a consolidation pattern (such as a flag or pennant) within the uptrend may be forming. This indicates readiness for the next move higher.
### Dow Theory
According to Dow Theory, the uptrend is considered to be continuing. Higher highs and higher lows confirm ongoing trend strength.
### Conclusion
From the above analysis, ETHJPY is likely to rise over the next 4 hours. Monitor market developments and execute appropriate entry and exit strategies.
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