The chart is largely self-explanatory. The parallel trend lines are validated by being touch points for many price tests at different time points and across different price levels.
No "flippening" anytime soon. The King Kong is set to dominate the show till January 2022 or thereabouts it looks like. Will ETH continue as the younger sibling of BTC? Looks to be the case.
The chart is self-explanatory. Previously, there was bearish arc that was traced with a lower breakout point. It appears that the arc to extend up to the recent high and the trend can be bearish...
Previously published a related chart - "Is-Bitcoin-more-bearish-than-bullish-in-the-short-term".
Please note that the bearish arch has been adjusted to the maximum extent possible. Any breakout now is most likely only bullish.
Cliffhanger time!
Contrary to popular belief? Are we all wrong? Is the dollar milkshake theory about to unravel upon us? Remember, the Evergrande debt unravelling is USD debt! Oh boy!
If the 20 EMA (daily) holds it might bounce back to a higher target of well above 250, or it might go down to near 100 and bounce back again. The ultimate target looks like it is the same in both cases though...
