BMYWin

It would be nice to back-test support, then break previous high.

Long
BMYWin Updated   
COINBASE:ETHUSD   Ethereum
If it could backtest support : said 1800-1830.
A long term pressure line zone(Purple) has been breakup, suppose that Pressure becoming support.

A closer look as following:
If the test hold, a breakup previous high(Said 2142.85) is expected for bullish trend.


Let's observe if it is still in Adam and Eve pattern development?
Comment:
Major 5 level Grid Range
Comment:
As per expected, it back-test.
Let's observe how low it will be tested? 50 day MA?
Comment:

Low side 8 days MA test was Rejected.
Comment:
High side testing failure. Drop to our target zone.
Comment:
backtest
Comment:
Maybe End of Crazy Backtest.
Possible challenge 2000(Red Region).
Comment:
Comment:
We mentioned on Oct 25, 2023:
"Maybe End of Crazy Backtest.
Possible challenge 2000(Red Region). "

After break up flag pattern and retest flag upside.
Then it reach Red region.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.