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Acel
May 26, 2019 9:48 AM

Markets in Profile: Range Expansion 

Ether / EuroCoinbase

Description

Ethereum/EURO pair has a breakout bias this week. Potentially it can breakout before Wednesday.

Oscillators bias: Neutral
EWP bias: Bullish*

*Potential triangle 4th correction into a last push before further correction.

Comment

There is triangle breakout confirmation on USD pairs. Keep in mind that this creates yet another gap on BTC1!, potentially an exhaustion one too.

Comment

Didn't quite make it to the target- sad. Now, this can be an ending diagonal while trading above 199 or we have entered a correction of a bigger degree.

Weekly range expansion was to the downside, aka direction doesn't matter its all about volatility.


Comments
Make_Money_Guru_Bitcoin
Plz check my share ideas on tradingviwe
Make_Money_Guru_Bitcoin
Good job
TomPower
one more small pullback and then 5
TomPower
@TomPower, Jesus Christ where was the pullback?
Acel
@TomPower, When i posted the idea. The question is if its gonna get rejected on the next push or not.
TomPower
@Acel, ok we are in the 5 now, wow, after this exhaustion high is finished what kind of RETRACEMENT dump are you looking for?
Acel
@TomPower, If the EW count is correct it should come back to this pre-breakout level. If you look left on the 2017 price action this is an area of acceptance.
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