Acel

Markets in Profile: Range expansion

Acel Updated   
COINBASE:ETHEUR   Ethereum / Euro
ETHEUR pair has a neutral to slight bullish outlook for March 2019.

  • Monthly Volume by Price Relationship: Slight Bullish

  • Monthly Range Relationship: Ranging (x2)

Expecting breakout by EOM or April, details on chart.



Yes, i know there is a typo...
Comment:
Breaking down the zone into two after recent price action. Its essentially the 0.5 and 0.618 retracement from the recent high.

Comment:
Finally at the first resistance of this month! Coming with a 5wave sequence so its a nice place to take some off.

Monthly bias was correct, mostly ranging with a slight bullish bias especially since the key level held after many tests.

Will post a new idea within the next week or by April 10th depending on clarity of the direction.

Bitcoin 30day volatility is at about 1% and April is due to break out, FYI.

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