Ethereum is printing interesting movements at the right place.
What could be seem as a sign of weakness could transform in a big bull.
As I mentioned in the previous idea on this pair a break above 190-200 dollars will be strongly bullish and is in my opinion a strong buy for the short and middle term.
A break under 130-140 it would be a rejection of this decreasing selling pressure structure and I would be no more confortable holding ethereum. A larger view make the situation clearer why above 200 dollars we are strong bullish. Moreover a walk on the 50 ema was strongly bullish in the past (green ovals).
On shorter timeframe we can see bullish harmonics, and repeating ABCD movements.
The ETH/BTC pair confirm a multilevel impulsive movements for a possible complexe inverse head and shouldern pattern
Target are there.
BIO
What could be seem as a sign of weakness could transform in a big bull.
As I mentioned in the previous idea on this pair a break above 190-200 dollars will be strongly bullish and is in my opinion a strong buy for the short and middle term.
A break under 130-140 it would be a rejection of this decreasing selling pressure structure and I would be no more confortable holding ethereum. A larger view make the situation clearer why above 200 dollars we are strong bullish. Moreover a walk on the 50 ema was strongly bullish in the past (green ovals).
On shorter timeframe we can see bullish harmonics, and repeating ABCD movements.
The ETH/BTC pair confirm a multilevel impulsive movements for a possible complexe inverse head and shouldern pattern
Target are there.
BIO
Comment:
20 days and 34% gain on USD. Very deceving price action by now (i'm not kidding)
Comment:
This is way better. Watch out for the incoming zone is quite resistive
This is way better. Watch out for the incoming zone is quite resistive
Comment:
Good possibility to go down in the 230 dollars area if it does not break up again