A slight double-bottom brings ETH to 200EMA yet fails to hold momentum for a successful flip.
Correction back to pattern support can be expected in an attempt at a larger-scaled double-bottom; this would place the next recovery around EOW.
Today's view has been switched to H4 for a new perspective and clarification on recent pattern boundaries.
Note that 200EMA is relatively the same as H1 likely indicating long-term stabilization after the recent push to 4k+.
Overall ascending fillout is being assumed but buffers (solid blue) have been added for additional indicators.
Adjusting the chart will show correlation to recent patterns used, specifically the red and purple wedges.
www.tradingview.com/chart/gDBkksfy/
Correction back to pattern support can be expected in an attempt at a larger-scaled double-bottom; this would place the next recovery around EOW.
Today's view has been switched to H4 for a new perspective and clarification on recent pattern boundaries.
Note that 200EMA is relatively the same as H1 likely indicating long-term stabilization after the recent push to 4k+.
Overall ascending fillout is being assumed but buffers (solid blue) have been added for additional indicators.
Adjusting the chart will show correlation to recent patterns used, specifically the red and purple wedges.
www.tradingview.com/chart/gDBkksfy/
