Hi, my fellow crypto friends! Here I'm again bringing the power of Technical Analysis to the crypto community. I know you miss me for a little, but I'm back to the game! Fortunately!
Today we will see what possibilities is surrounding BINANCE:CDTETH.
So following the steps of my 4h chart you all can see that the downtrend channel had been broken in the 13 May and had done very well in an ABC Elliot's wave (Green) since then. But it seems that this uptrend momentum will not last for long. The 20 EMA (Blue) still fighting to lead the run and the MACD has shown us a bullish crossover(Yellow) which justify the short-term bullish trend and the possibility of more gains.
My guesses: We're in the final lap of this race, which means that it has bigger chances of hit the 0.00010138 (4 wave lilac) and go back again to 0.00010138 (when it will test the 0.618 fib) to give us more statistical possibilities.
Always remember my fellow friends, I'm like everyone here who is trying to improve my views on Charts and patterns, never take this as a financial advisor because you are on your own.
If you liked or with you have an opinion about, I'll be happy to read it.
Today we will see what possibilities is surrounding BINANCE:CDTETH.
So following the steps of my 4h chart you all can see that the downtrend channel had been broken in the 13 May and had done very well in an ABC Elliot's wave (Green) since then. But it seems that this uptrend momentum will not last for long. The 20 EMA (Blue) still fighting to lead the run and the MACD has shown us a bullish crossover(Yellow) which justify the short-term bullish trend and the possibility of more gains.
My guesses: We're in the final lap of this race, which means that it has bigger chances of hit the 0.00010138 (4 wave lilac) and go back again to 0.00010138 (when it will test the 0.618 fib) to give us more statistical possibilities.
Always remember my fellow friends, I'm like everyone here who is trying to improve my views on Charts and patterns, never take this as a financial advisor because you are on your own.
If you liked or with you have an opinion about, I'll be happy to read it.