ETHUSDT broke out of the 4H ascending triangle dropping ~6% on the break of the bottom supporting trendline . ETHUSDT now seems to be forming exactly the same ascending triangle pattern on the 15m. I suspect we are in a short term consolidation period before we see more downside movement on the break of the lower trendline.
ETH price appears to be consolidating to form an ascending triangle following a strong sell off. Due to higher timeframe downside bias I would be looking out for a breakdown on the 4th or any subsequent test of the lower trendline of the ascending triangle targeting all time lows of around 81.5 but there is potential for the price to drive lower.
here another setup now both interesting either one but this is why we wait and stay patience wait for the right time or wait for the market to confirm the next trend especially at a key zone in price stay open
with this price action with how we have moved to this outer structure this looks like the buyer are coming out and now the seller will be coming in with the corrective way of moving with price action this is looking good for a short and showing a clear rising flag this could drop out we could go from the top down or get a hover and then break on the drop but...
this is looking really good for a massive long term buy trade on this ? what do you guys think looks very interesting still awhile away yet few more months and price will be there ? seen on the last move with around 333.39% eyes on this!
after breaking the last high and having a complete retracement and breaking this trend i will wait for a retest or a correction before taking this trade looking really good for more bearish momentum at this point in time
we are moving in a descending channel on the daily chart so this is looking good for more moment to the upside eventually but we have a pattern within a pattern showing the middle section with can confirm this trend so i would say this will push more to the upside once we meet the bottom but just be neutral has this could break through and go lower but the higher...
www.tradingview.com rsi I is sitting nicely in the bullish section of all the fib sequenced time interval from 377 to 910 mins, and on all of those the rsi is approching its previous higher low and support.
Nothing ever is a 100% nailed on certainty as we all know but if it makes a new...
One year from now and all coins will get back to 2017 prices, BTC will worth $800 probably.
I will try to keep this updated and count the waves but you get the point here...stay safe till end of next year .