Taking a look at the OBV we can see the bulls are starting to take control of the volume and the price should soon reflect that. Still looking for a bit more downside tho, as this recent bounce was unable to break even the nearest resistance, which is a clear bearish sign.
ETH here is setting up the for the second part of the three part bear trend. Basing this entirely off of TA and past trends not FA. The first part is the 50%~ drop, which are just about to complete. Im expecting this first part to end around .055. Here is where the second part will begin, this second part is the chop / sideways zone where bottom shorters and fomo...
Very simple easy to understand chart we have here, and ill keep it short and sweet.
Bulls need to break the 9200 level to form a new uptrend on the short term, and the bears need to break down 8200 to continue the bear trend.
Would like to see some significant bullish volume soon to give me more confidence in this move.
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BTC missed my take profit and long target by about 40$, and is currently resting on a previous sup turned resistance. The 66 EMA is also acting as resistance as well as some fibs so we are seeing plenty of confluence here. This is a no trade zone here for me. Will close shorts from 9150 if we break upwards however im leaning towards a breakdown here. Bulls should...
