Looks like we either go down for wave 4 real soon, or make one more high for some nice bearish divergence.
Note
Here is the bear div: Note
Fell out of the 4h channel:1d rsi fell out of channel, MACD heading downtown:
Note
Adjusted the purple fibs (of overall run) to incorporate the new high. And added the blue fibs or the wave up to get a better idea of things. And made some good targets accordingly. Note
Note
Broke below the neckline, first target was hit (yellow), went back up to make the neckline resistance, and now it looks like we'll head back down: Trade closed manually
Took 1/3 profits on target 1, another 1/3 on the pinkline break, and the last 1/3 on the red trendline/neckline break...didnt go as far as expected but decent trade. Trade active
Looks like the price may fail to hold above the neckline, may have just been a fake out, ETH/USD does not look well also, looks real H + S'ey. Note
Watching this triangle:Note
Finally ready to drop? Note
Looks like its time:Note
Bankers trying to save banker coin from its destiny, SEC reviewing application for possible ETH ETF if you hadn't heard (what a joke lol). But then the big news of today is Grayscale's announcement allowing accredited investors to invest in their new ETC fund...will that dampen the ETH rumor? We'll see. It might, or they could both go up. I'm still not believer yet, could have just been a small fake out before more down, watching this newly formed triangle, if it breaks then OKAY Trade closed: stop reached
stopwas reached when we broke the triangle last night
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.