davidrainone47

davidrainone47

We broke out from the diamond pattern into a rising wedge on the 1H timeframe... long if we break the resistance and re test, short if we break the support and re test. Rising wedges are typically bearish patterns, so likely short here. Price target is the bottom of the wedge.

davidrainone47

1H timeframe, diamond pattern breakout. Even just confirmed another candle re testing the pattern. Nice little launch pad for Eth to go higher!

davidrainone47

Price target around $2,260 if we break the bottom support line. I typically don't short during bull markets, but these rising wedges have been brutal.

davidrainone47

Price target $3,200 if we break this diagonal neckline at the top of this pattern.

davidrainone47

The daily RSI on Bitcoin is approaching oversold territory... I smell something pumpy coming our way very soon.

davidrainone47

Bullish divergence on the RSI on the 4 hour time frame. Higher low on the RSI, same low on the price (lower low is ideal, but same low still counts as a bullish divergence).

davidrainone47

We may have just broken some critical resistance in the Ethereum price... This may be the launch pad for a moon mission!

davidrainone47

Ethereum formed a double bottom off of the old all time high of approximately $2,040. This is a true confirmation of resistance flipped to support! Time to go higher!!

davidrainone47

Ethereum bounced a four hour candle close off of the old all time high from February... Very bullish sign that Ethereum will continue to go higher.