Heading Chuvashov forkHi Guys,
Bitcoin has climbed out of the choppy zone. The yellow ellipse is the manipulated pump by exchange(s) or whales, nobody knows. Its a pretty bullish moment but I wouldn't be that optimistic. Let's see what bitcoin does when it faces the Chuvashov fork and thereafter it to climb out off the light blue triangle. For me still bearish, which of course is not an advise to sell or buy. Save trades!
Chuvashovfork
ETH - hourly analysis.On the hourly we are looking at a falling wedge and Chuvashov fork set up. We have yet to break out but the fork shows the increasing buy pressure. This is supported by the MFI, CMF and Acc/Dist indicators.
Looking for further accumulation at this price level, coupled with a reset in the RSI back to trend, to gear up for potential break out. Look to buy on breaking up from this fork, or a strong third bounce off lower support.