ETH and BTC bullish but how much? Read description please
The 200ma will be broken
the horizontal resistance will unexpectedly broken causing an ejection of price. The next resistance will prevent the price to hit channel top.
Either it will play out as i show or it will stop ar the middle line of channel and bounce of it, hit the bottom of channel and then go highe to the horizontal resistance (this is the less bulish scenario).
Anyway it will struggle at the second resistance. Next It will either go under the MA 200 and retest the lower horizontal resistance and at the same time falling out of the channel or it will carry on and confirm a long term bullish trend like bitcoin did for 3 big bullish waves from centrs to thousands
the horizontal resistance will unexpectedly broken causing an ejection of price. The next resistance will prevent the price to hit channel top.
Either it will play out as i show or it will stop ar the middle line of channel and bounce of it, hit the bottom of channel and then go highe to the horizontal resistance (this is the less bulish scenario).
Anyway it will struggle at the second resistance. Next It will either go under the MA 200 and retest the lower horizontal resistance and at the same time falling out of the channel or it will carry on and confirm a long term bullish trend like bitcoin did for 3 big bullish waves from centrs to thousands
Comment:
Everything's going well right now.
Comment:
Current setup continues to be bullish