Hi all,
Some of you requested so here it is. This is the 4hr chart of ETH / USD
Again: not too many words only the keypoints.
- Couple of months ETH is fighting against a big resistance
- Right now ETH is in a descending triangle, this is a continuation pattern so mostly with downwards break out (30/70 chance)
- If the bulls will win from this big resistance expect a BIG outbreak in the bull area. This would be a good buy signal for long positions.
- But if it loose again, expect a big downwards movement in the bear area. This will be a short opportunity.
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Some of you requested so here it is. This is the 4hr chart of ETH / USD
Again: not too many words only the keypoints.
- Couple of months ETH is fighting against a big resistance
- Right now ETH is in a descending triangle, this is a continuation pattern so mostly with downwards break out (30/70 chance)
- If the bulls will win from this big resistance expect a BIG outbreak in the bull area. This would be a good buy signal for long positions.
- But if it loose again, expect a big downwards movement in the bear area. This will be a short opportunity.
Leave a like to support me
Follow to be updated by new idea's
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About marketcap excluding Bitcoin
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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.