$ETH #ETHEREUM So it's getting interesting! #AltSeason2020
#ETHBTC is trying to move above the daily 8MA. So it's getting interesting!
I hate it when I have to provide alternative counts (last study) but that's just a part of EW. Either way, we had a truncated 5 which concluded the BEAR Cycle or this is just a subwave from wave 4.
Question is: Was this an ending diagonal? or truncated 5?
The bullish divergence on numerous timeframes signaled that a cycle was complete so here we are,
ETH is turning bullish. First target is obviously R1 followed by the zone between 0.0205 and 0.021 (Box Blue)
There is no reason to become overconfidently bullish when I look at the weekly level. We're still below the 5 and 8 MA. However, the week isn't over yet!
I will update the weekly when we close above those MA's
ETH #ETHEREUM #ETHBTC #CRYPTOTrade active
Trade active
Trade active
WELCOME TO ALTSEASON 2020Trade active
UPDATE: Is this part of a bigger consolidation followed by a new low OR is this the start of a bull wave?
The next few days/hours will be important. Take note of the weekly chart.
Everything goes as planned. Careful when we hit 0.020x, there will be bearish divergence!
#ETHBTC #ETH #ETHEREUM #CRYPTO
Trade active
Trade active
MASSIVE PUMP! WELCOME TO ALT - SEASON OFFICIAL!
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.