ETH/USD testing the lower end of the Pitchfork but was rejected at
a first try. A bearish Kumo twist is brewing and if we see
another sell off impulse, and a close below the Cloud it would
result in a sell signal. If price breaks and close below the Pitchfork
floor it may accelerate the drop. Support below is at 1000 and
ultimately the 850 level, if the sell off becomes massive. If price
manages to close inside the Cloud and be supported by the
Weekly S1 at 1075, we might see a bounce, but still it is likely
that it would be followed by another push down if it attempts
to close above the Cloud.
Market Cap outlook
steemit.com/btc/@wot...lower-don-t-fight-it
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profile page at the top for details. Thanks.
a first try. A bearish Kumo twist is brewing and if we see
another sell off impulse, and a close below the Cloud it would
result in a sell signal. If price breaks and close below the Pitchfork
floor it may accelerate the drop. Support below is at 1000 and
ultimately the 850 level, if the sell off becomes massive. If price
manages to close inside the Cloud and be supported by the
Weekly S1 at 1075, we might see a bounce, but still it is likely
that it would be followed by another push down if it attempts
to close above the Cloud.
Market Cap outlook
steemit.com/btc/@wot...lower-don-t-fight-it
If you want to support this channel check out the
profile page at the top for details. Thanks.
Comment:
The newly formed hammer is very similar to the one on Dec 22!