Sellout continues as 
ETH looks to now test 2750 resistance. Two XABCD patterns have been added.
The green displays a trend off the H1 low through the use of an automated indicator. The extension of D sets us around 2300 with an SL around 2k.
The blue shows a manual trend off the H1 low at long-term trendline; point D therefore situates around this zone as well.
Both of these patterns are considered to be bullish bats imo. Keep in mind that the manual pattern may not be 100% valid and I'm using this more as a personal gauge.
ETH looks to now test 2750 resistance. Two XABCD patterns have been added.The green displays a trend off the H1 low through the use of an automated indicator. The extension of D sets us around 2300 with an SL around 2k.
The blue shows a manual trend off the H1 low at long-term trendline; point D therefore situates around this zone as well.
Both of these patterns are considered to be bullish bats imo. Keep in mind that the manual pattern may not be 100% valid and I'm using this more as a personal gauge.
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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.