The last leg of the ETHUSD uptrend resumed end of July'21,having formed a triple bottom and a Bullish Engulf pattern.
The uptrend line formed by 2 Bullish Engulf patterns ,was tested by Bullish Harami last week, it had to support the uptrend, but the price went south instead, invalidating the Bullish Harami and aiming to test the previous Bullish Engulf patterns.
The uptrend line formed by 2 Bullish Engulf patterns ,was tested by Bullish Harami last week, it had to support the uptrend, but the price went south instead, invalidating the Bullish Harami and aiming to test the previous Bullish Engulf patterns.
Trade closed: target reached
Target 1 and 2 were hitThe bias is still southward, probably the next target is 1900,but it's better to wait for pullback before next sell
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Disclaimer
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.