. BasicAttentionToken/Ethereum is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. There is a possibility of temporary retracement to suggested support zone (0.000963 to 0.000859). if so, traders can set orders based...
possible 5th underway.
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- HIT DAILY LEVEL AND SHOWING REJECTION
- OVERALL DESCENDING TRIANGLE WEDGE
- SHOWED SUPPORT AT MONTHLY LEVEL
- HIT FIB LEVEL 61.8% AND THEN SHOWED REJECTION ON THIS MARK
- BAT PATTERN FORMED!
- EMA CROSS OVER
- DOJI CANDLESTICKS FORMED AT TOP OF TREND LINE SUGGESTS TRENDS GETTING WEAKER AND GOOD OPPORTUNITY TO SELL
Pair has formed bullish bat pattern. First reaction to the Potential Reversal Zone(PRZ) looks good, but I would prefer to see double bottom with RSI divergence at this level before entering the trade. ATR based stops below the bats satrting point X.
I remind you that this is just my vision about possible market movements. If you have your own, please share in...
Pair has formed bearish bat pattern completing at 1.94475. RSI above the 70 confirming sell signal. ATR stops above Bat's starting point X.
Plan your trade, Trade your plan and Good luck in the markets!!