beyondta
economiccycle
trendanalysis
wedgepattern
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Price and volume actions suggest Ether capitulation. There have been few times this daily volume has occurred. Previously, such volume indicated (1) market turn of bear markets (2) appearance of Preliminary Supply during distributions in bull markets. To confirm, tomorrow (Thursday September 13th) needs to close with (a) GREEN volume (b) above 20MA.
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Right on the 0.78 fib retracement, TenX formed a falling wedge after a strong downtrend, which is an aggressive bullish formation. A breakout could send the first target to 0.618 fib retracement of entire movement, or continue a long-term rising trend.
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FCTBTC
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60would be nice to fill some bids in 0.61-0.78 fib retrecements.
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