Theres a Double bottom printing in the 4 hr ETH chart inside a 6 hr chart SHS (right shoulder) Targeting 1800s-1840s. Divergence is Bullish printing higher highs. RSI oversold. theres a high chance we start seeing some price action. Let´s see what happens and if we can reclaim the neckline to validate this double bottom pattern.
We have a rising wedge with two possible paths. 1st scenario in red. 2nd scenario in green.
We need a 4 hr candle confirmation above 23.5k in order to confirm this pattern. TP would be 24.577 BTC.
There´s a gigantic bear flag in BTC in 1 day chart
there was a 30 days consolidation before major dump. Now is the 30th day... lower highs in the RSI... let´s see what happens next...
in the rising wedge on the left we notice the same bull trap as on the right, thank me later! ;)