ETHUSD has had a RS flip on 1068 level. What was working as support now seems to be working as resistance.
On top of that we see RSI testing its moving average, MACD about to have a bearish retest on its reset axis (on 0) and ETHUSD average price increasing while volatility and volume are dropping.
Should the triangle (white line) breaks bulls must defend the 1012...
A close above 0.000038 is bullish here, and a close below 0.0000284 would be the bearish case and this theory would no longer be valid. There is strong price suppression at the moment, however, with a break of trend on the RSI's this play may be initiated. IMO
Feeling super bullish on COTI atm, coming out of a red sunday having support on R/S flipped resistance and looking to breakout the triangle with Fibonacci at the 0.382 mark.
I've been watching COTI for quite some time now and its always been hovering close to the R/S line and only broke out after the COTI listing news on Coinbase. This retracement will not go...
y Fellow Crypto Traders,
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Note: This is not financial advice, nor am I a financial advisor. Therefore, my analysis should be taken with a grain of...
