We see a Death Cross on the h8 timeframe. In addition we have a possible Head and Shoulder, like i mentioned before.
I just wonder if the run started again or are we still in correction to the previous ATH. Maybe this is a big bulltrap? My personal goal for a new uptrend is around 39 - 41k$, but maybe I'm wrong... Let me know what you think.
Possible Head and Shoulder? Also keep the 50 Daily EMA in mind.. Looking like a Head and Shoulder. Everyone is just seeing the inverted... But lets see. + last time we bounced on the 50er Daily EMA. So midterm short and longterm long. No advise just an idea.
I think we saw a breakout and the resistance is now the support level. Its possible ETH will rise fast to high 1000 or low 2000$. Also we saw a breakout of rhe RSI. Let me know what you think about it...
we havent seen wave 5. Additional we have the EMA to support. Lets see... If not we will see the pullback to the trendchannel maybe in the range 1100$ to 1200$.
Possible Bullflag and Breakout to the channel upside. If not bullback to bottomside of the channel.