heglassedme

heglassedme

New Moon rises at 1:53 UTC March 9. Homestead block will get resolved on march 14. 6 days to go before it breaks above the upper trendline. 3 more days before the double top forms. Reversal is expected to occur on march 14.

heglassedme

The price is still contained in a descending channel (red). 4H tweezer top confirmation (marked with pink rectangle) suggests that the ascending bull channel (green) will most likely be broken in the coming hours. Closing below 0.0088 means the downtrend continuation. Should the price close anywhere above 0.0097, this would signal a new emerging uptrend.

heglassedme

The pattern does not look ideal as the move A-C should have been 0.382 or 0.886 retracement of the A-B. Nevertheless completion of the butterfly suggests a possible bullish rally. 0.011 area has been a short-term supportive trendline but has eventually been broken and is currently representing the area of interest that can potentially be retested within two days....