henry360

Ethusd pattern and setup

BITSTAMP:ETHUSD   Ethereum
This is a pattern that I see. Price contained within parallel channel. Retracement point C is .618 of A-B. E is .618 of C-D. Recent price is making lower lows with stoch double bottom which should be a bullish reversal divergence?? Possible bullish setup? Please interpret.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.