Looking at the 4hr timeframe for ETHUSDT, I can see a pretty clear H&S pattern appearing which would entail a downward move. Closing on the 4hr below 161 would give me more validation but the RSI is telling me that ETHUSDT is just about oversold.
Anyway, that is my 2 cents and it is worth exactly that. 2 Cents.
Clear rejection candle supported with volume, creating a reversal of the trend. Volume has been decreasing on this retracement and I am looking for a move to the 38.2% retracement level assuming the 50% stops holding. Looking for short positions if I see a clear reversal pattern, hopefully appearing at the 38.2% retracement level around the daily trend line. Until...
Currently observing the continuation of a down trend on the 1hr time frame. Looking for a clear breakout or progression to the 145 resistance before making any decisions.
Clear bullish flag pattern accumulated on the 4hr timeline. First target seated below the 10.9k resistance which can be an easy hit, based off the size of the flag. This can prove to be the only target hit if the bulls can't break the 10.9k resistance. The 10.9k resistance has been tested only once before this drive; but there is a longterm diagnoal resistance...
I have been busy and have not posted in a while so here's my quick BTC checkup. We are walking along the 11400 line; so anything can happen. This is a great time to just watch the market. RSI and MACD have no indication of what could happen but I would not be surprised if we continue down to the 9400 support and then possibly high 8k.
Bullish falling wedge with a support at 25 USDT. I drew some cool lines that should push the force the trend to follow my white arrows. A strong breakout in the box could lead to a 8 USDT increase in price. I will be looking to close my position before the resistance and wait for S/R flip before I buy back in to reach my final target.
Feel free to drop a follow...
Bullish flag pattern appearing with a false downward breakout.
Resistances at 10,400 and 10,600 .
Target 1 at 10,300 .
Target 2 at 10,600 .
I am looking to see a breakout from the flag pattern towards Target 1, which is an approximate size of the flag. Target 2 is calculated using the height of the pole but the final location is dependent on where we...
