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throwfar
Mar 30, 2019 3:03 AM

ETHUSD - Bullish Cypher  Long

Ethereum / U. S. DollarKraken

Description

Bullish cypher possible here ETHUSD if we get a confirmed local top around 148-150. This is the more immediate bearish outlook of ETH touching the bottom of the large wedge before heading back towards the upper bounds

Notice the major decrease in volume with rising prices

Short term -- bearish, followed by a big move upwards

Still learning harmonics. Thanks for checking it out

Comment

The harmonic would be valid as is actually
Point C can range from 113-141%
Eth hit this local top as btc did as well. BTC made a 141% retrace so this harmonic is valid for both BTC and ETH.
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