Extreme fear at the moment at a key level of s/r. Looking to punt a long back to 8.5K. Long entry also coincides with BTC CME daily gap at 7,635. Been talking about this level and gap for a while now so it's time to stick to the plan when those are fearful.
similar inverse H&S formed on $btc and broke out a few hours ago. Front running the breakout on $eth as I believe it is lagging. Target is a cluster of resistance above and a psychological resistance of $250. Bullish on $ETH
Xrp is looking good on the 1hr TF. Breakout of ascending triangle with consolidation above a significant level of s/r. A pennant has formed as well and it looks like xrp is breaking out. Bullish on xrp.
Here, we have an $ETH weekly resistance level with many key tests of s/r. A close above on the weekly and sparks might start flying for $ETH. A key level I am looking at and hoping for a close above this week, if bullish trend continues for ETH. ETHBTC has been looking strong as well, closing above many key levels of resistance.
Bearish until horizontal is reclaimed. Looks like buyer exhaustion with a loss of key support that was prior resistance. Last 4hr candle closed just under. Until we start trading above the horizontal I will be bearish.
1 hour time frame trend line broken. Does not look good for bulls. Closed under two support lines. The one coming in from the top is from our macro high at about 13.8. Acted as support and resistance on many many occasions. The trend line from the bottom is from our recent low.
On the Ethereum daily chart I charted an ascending triangle that kicked off our current bull run. Since then that trend line support has been tested on multiple occasions providing strong support for solid moves to the upside. Just two days ago we closed under it for the first time since our fake-out at roughly $100. This does not look good for $ETH bulls.
