Most complex TA ever for ETHUSD entry - buy when it hits the line
It appears TRX/ETH is in an upwards channel when charted on the ETH chart. Given that ETH/USD currently seems undervalued, this is interesting. The channels could possibly be played for entry and exit points.
Bitcoin appears to be losing strength in RSI, also seems to have not corrected enough after the last bull run. It's also yet to breakout of downward channel. I'm seeing more of a correction, targeting 9k for good LONG entry point. Let me know what you think!
Elliot waves suggests that we have just completed the 4 wave on the 1-3-5 impulse, meaning we should have one last wave 5 before the ABC. It's also riding on bullish divergence. Targeting 927 short term!
ETH has been bouncing off upward trending support. It is also building bullish divergence. The long-term outlook for ETH is great as it appears to have bottomed out on wave 2 and is starting wave 3 (strongest of all the waves). Very bullish here!!!
Closeup of BTCUSD chart and BTCUSDShorts
I'm a simple TA'r, I think some over-analyze these charts. Let's look at the big picture. - BTC has been in a downward channel all year. It rallied hard back to long term support after it was broken earlier this year. - It looks like the downward channel has been extended. There has been heavy selling as of late, and it established another point of resistance to...
XRP is starting to form an inverse H&S. We can set the stop loss really tight here because if it fails to bounce off the support line, the H&S fails. Possible extension to previous levels above $1.00.
Do you see what I see?
Appears that shorts are closing, possible short-term uptrend for BTC?
Is XLM establishing an upward channel formation?
Clearly a good time to get in, assuming BTC goes up?