L3gOnD

ETHBTC Moving as Planned

Long
BINANCE:ETHBTC   Ethereum / Bitcoin
ETH has hit the first four targets on its ascend to .075 which it should reach within the week.
There is a lot of confluence at 0.75 so I will take profits there in the interim and reassess. VPVR on the 12H is thick at .075 also the is the target from the bottom cup and handle as well as the recent ascending triangle . Currently in a falling wedge continuation pattern so on the break of that would be the time to expect a rise to 0.75 fairly quickly. My guess is early next week. There is also a bullish continuation (hidden) divergence on the RSI .

Comments

Wow fantastic. This was spot on!
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Definitely agree with you analysis. .075 is a critical level. It was a fibonacci level as well. We definitely have to re-evaluate the position once it pull back at that level
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