My previous analysis i mentioned the correction was probably not done yet. The target was reached of the triangle and so far it has been a support level. At the moment it could become a potential low for a bigger upwards correction. If it can close above the 120/125 on the daily with good volume, it would give a big buy signal. But still a long way to go. The volume is also good for a potential long term low, but i don't like to look ahead to much. The low should not break anymore. Because if we stay below the 115/118, it will probably turn into a bearish triangle.
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Previous analysis:
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Previous analysis:
Note
Also a small breakout but not THE breakout. Need to break this bull flag with higher volume and a decent rally. Should stay above the green support on the leftNote
ETH has been quite disappointing during this Bitcoin rally. Volume is not great and the movement as well, also to small. Still inside this channel and support though. So it's not over yet. If they break, could mean just a drop and a continuation of the upwards correction. Note
New ETH analysis:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.