It's difficult to be bullish tbh, but charting is charting and now I'm seeing this :
Linear Chart - 1D - ETHUSD - BitFinex
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- Clean FW with a successful retest today (which is not guaranteed yet)
- After a FW, we usually can see a i.HS forming, which is the case right now. i.HS seems to be valid if we check at volume. I just don't like the Head volume but it doesn't really matter tbh.
- We have an oversold condition, looking at TTM_Squeeze, tending to a long momentum, it looks like, with a hidden bullish divergence too
- Speaking about divergences, look at RSI, clean Divergence too
- We should now check at targets and candles to know if the pattern target is accurate with overall chart & prices. i.HS target is 600, which correspond with historical resistance zone and more or less 0.5 Fib level
Conclusion : $600 per ETH seems to be a realistic value for end of July.
Note : Thanks for your time and don't forget to trade at your own risk, nothing there is a financial advice, only guesses and analysis. I would appreciate if you give any feedback.
VQ.
Linear Chart - 1D - ETHUSD - BitFinex
-----------------------------------------------
- Clean FW with a successful retest today (which is not guaranteed yet)
- After a FW, we usually can see a i.HS forming, which is the case right now. i.HS seems to be valid if we check at volume. I just don't like the Head volume but it doesn't really matter tbh.
- We have an oversold condition, looking at TTM_Squeeze, tending to a long momentum, it looks like, with a hidden bullish divergence too
- Speaking about divergences, look at RSI, clean Divergence too
- We should now check at targets and candles to know if the pattern target is accurate with overall chart & prices. i.HS target is 600, which correspond with historical resistance zone and more or less 0.5 Fib level
Conclusion : $600 per ETH seems to be a realistic value for end of July.
Note : Thanks for your time and don't forget to trade at your own risk, nothing there is a financial advice, only guesses and analysis. I would appreciate if you give any feedback.
VQ.
Comment:
Comment:
Looking nice.
We got a long squeeze signal on Daily and right now price is testing the ATH downtrend line. We could see a very nice upward movement if breakout.
RSI has breakout as we can see. RSI is usually in advance versus price, so it's a good sign and nearly a confirmation.
Take care.
VQ.
We got a long squeeze signal on Daily and right now price is testing the ATH downtrend line. We could see a very nice upward movement if breakout.
RSI has breakout as we can see. RSI is usually in advance versus price, so it's a good sign and nearly a confirmation.
Take care.
VQ.