5.1 has a strong resistance by retracement target static resistance valume support
looks strong as we have... brearish trend break out... 3 push btc pair support
According to my last idea of Ethereum, there is a strong channel and now it's time to buy... Do not buy all your money and, be ready for another LL that maybe shows up...
there is strong resistance on 4950 - 5000 USD that made by long time channel, sort time channel and last wave fibo.... price might be strongly rejected from green eclipse.
bitcoin price is in a midtime bullish channel, but i'm afraid of a bearish trend to be started... we had a new low. take care and set your stop loss.
as i mentioned in my previous analysis "Bullish trend is dying". in case of breaking the green trend line "I mean a strong and steady break not a shadow" first stop is around 42000.
there is no need to be a Technicalist... naturally you can see a dying trend. update your stop loss for all crypto market not only btc. it's just an alert to be careful, bears are coming. Price action, RSI and MACD all confirms the same thing.
i see an cup and handle pattern in this chart. it will be approved above the 3.3.
according to the dynamic and static support levels, and based on fundamental news I bet on a fast bullish movement to 37 or more.
a cup pattern is appeared in LUNA chart... after breaking the trend line i expect hitting to the previous top and maybe more...
it's 4th time for eth to touch this area... very close to 1 y bullish channel midline as support line... there are two ways
It broke the pattern and channel also completed a poolback to broken line. Next supports are about 17100 and 16500$