Here's what I'm looking at with Ethereum at the moment. Potentially forming a W Bottom on the Bollinger Bands.
You can see a drive just below the BB Support, then a push to the middle. I'm looking for a second test of the support around $292, and then a breakout of the pattern taking us to around $350. 1 Day MACD is tightening, and a crossover could coincide with the completion of this pattern.
I'm also looking at a larger ascending triangle formation as a few others are too. I'd like to see the momentum from the W Bottom push us out of that and back towards new ATHs.
I'll be going long at $292.
You can see a drive just below the BB Support, then a push to the middle. I'm looking for a second test of the support around $292, and then a breakout of the pattern taking us to around $350. 1 Day MACD is tightening, and a crossover could coincide with the completion of this pattern.
I'm also looking at a larger ascending triangle formation as a few others are too. I'd like to see the momentum from the W Bottom push us out of that and back towards new ATHs.
I'll be going long at $292.