ETH/BTC Poise to break up from descending triangle or fulfill it
in 4 hour chart.
after the price action move within descending triangle area and being supported by 20 EMA .. looks like it reach it's apex and ready to break up or down.
Macd is already so far building its momentum for a bullish side atleast in 1 hour.
although it still undecided whether it will continue it's downward momentum in 4 hour
if it break upward and succeed break resistance around. 0.0327 area satoshi it might will test 0.382 line daily fib. 0.035 satoshi area
conversely, fail to break resistance around 0.0327 might be bad for bullish trend and might be break downward 0.031 satoshi area where 50EMA, 200 EMA and 0.618 fib will be meet as a potential good support..
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
after the price action move within descending triangle area and being supported by 20 EMA .. looks like it reach it's apex and ready to break up or down.
Macd is already so far building its momentum for a bullish side atleast in 1 hour.
although it still undecided whether it will continue it's downward momentum in 4 hour
if it break upward and succeed break resistance around. 0.0327 area satoshi it might will test 0.382 line daily fib. 0.035 satoshi area
conversely, fail to break resistance around 0.0327 might be bad for bullish trend and might be break downward 0.031 satoshi area where 50EMA, 200 EMA and 0.618 fib will be meet as a potential good support..
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.