cabriellopez

cabriellopez

As we can see, we broke out from our previous W and just met the maximum target exactly. Now, we seem to be forming a new W, which we are now fighting the neckline acting as resistance.

cabriellopez

The RSI created a higher low while the price created a lower low, signaling a hidden divergence. We must break above the first orange horizontal line and take it as support to completely confirm.

cabriellopez

Confluence in the target of ~2490 with two fibs (0.618 amd 1.272) and the immediate target of the W (Yellow). The first extension (Orange) of the target matches very closely with the limit of the golden pocket (0.618-0.65), a possible target to watch. It is possible we reach the second extension (Red) of the breakout, and bounce off the golden pocket, which would...

cabriellopez

W forming for a long while on the 4hr chart of ETH. We had a very exciting breakout with low volume, so a retest was to be expected. with the retest, we should be able to go back to the ATH, which was just shy of the target for the W breakout, along with the 2 extensions of the target, which the highest one, matches perfectly with the two Fib extensions in this...