HI, I hope everyone is doing well. as the start of this week is really depressing for cryptos as every major coin is suffering at the moment and it's quit hard to just rely on the Technical side of these assets so just keep in mind that the risk is a little high while we try to go long on them, but it's really interesting to know what our technicals has to say about ETHBTC where we can get a short bullish swing First analyzing 240M Chart and we got, 1. HARMONIC PATTERN - BULLISH SHARK Identified on 240M Chart 2. 0.070000 consist of Demand Zone 3. Dynamic Support at 0.070455 4. OVERSOLD Indication by RSI and CMO 5. Fibonacci Gird Level 1.618 plotting near our Buying area also on daily chart, Price is been Hold by 200Day WMA.
and hence everything looks great Technical - Strong Bullish Fundamentals - NILL Market Condition - Bearish for Asset Type -III Conclusion -Bullish for Short Term!
If you find my trading Ideas helpful then leave a LIKE and Feel free to comment your thoughts, - Lewis (CryptoLover)
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HIT OUR TARGET and Reversed Perfectly right after that, Now it's decision time weather to short or continue going long! (What's your thoughts?)
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UPDATED with Suitable chart type (Token spreads of Binance)
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