Trend lines always give us hope, but, be did saw this very same pattern near the 22th od July. So don´t ride this horse yet. Keep calm, y can still stay around 2.9.
I defined the resistances. I hope that we will crush each one until we get to the current ATH, not sure if we are going to go higher from there yet.
We will recover the 2.84 support in the next two days, and it will keep going up until 2.94
I always wait for the conflict zone to be gone before taking any decisions. In this case two scenarios: - Go down to the lower support 2.71 - Revert and recover 2.83 But, there is a remote possibiliy that both support breaks apart and we face a new scenario.
If it breaks the current support at 2.52 open your parachutes!!! But, it seems like a solid support, so I asume that will stabilize between 2.52 and 2.615 until the end of the month.
ETH has a special treat because it is used for something more than value acumulation and multiplication. Two areas marked, a violet one (the projection), and a green one (the agresive fall). It will all depends on the supports it looses.
Just changing the trend line upwards. The Red line was supposed to be the nd-of-month fall. I´ll keep the date as a reference, because it can still fall down the next days.
You can see a colored area which marks the minimum and maximum values. Beware of candles as there is always at least one that gos out of the projections. I spect that will hold on the support line of 1.4687. But will see near the 24th.
Looking forward to buy in those limits. 24th will be the last day of the fall, and then it will start again the end-of-month scale up.
Despite of being at the support 3250, we saw candles coing down to 3100. I think we will see a fall but unsure about how many support lines will break apart.
Remember the last time ADA got up to 2.4, everything happened in about 5 days. This is the same, and has similar steps. My focus is at 2.277, breaking point.
There are three possible scenarios. A) Stays above the support line, which is the Las big resistance (since the big drop). B) Goes down into the trendlines, and we consider the last day as just a big movement. C) It starts the end of the month drop. Either way, the best scenario is to buy around 2800 because all three scenarios are a part of it. If the option is...
Bet your next move. Does it bounce and move up? Or does it drop to the trendline?
We finally got there. Right now, it should start the drop based on previous pattern. Waiting to see the breaking point before going short. Right now I am liquid.
First one determines if there is a negative trendline. Second one, if the first one is true, will show us the angle of the negative trendline. The third is a battle between prediction and a strong support line. ¿Will it drop below 1$?
The trendline is still on track at the same speed. Follow the lines, above.. sell, below, buy. Do not leav open positions without wach. They´ll break you apart.
Spected to begin next month fall tomorrow. We lost asceleration after the roller coaster. The cycle started on the 19th, 1 day before June's Cycle.
Big resistance at 1,28 and 1,30. hard to break unless a big whale appears.