[Watch it] Double test of FIB 0.618 done. Now watch weekly close
With a collaborative Bitcoin ETH may try to achieve a double bottom.
So far weekly is not much ... appealing, but wait for weekly close and double check.
IF it manages to close ABOVE 2.200$, hence recovering its lost support and painting a hammer or anything similar i would consider that a first bullish signal (fakeout).
So watch weekly close and look for any potential opportunity.
As usual, DYOD.
So far weekly is not much ... appealing, but wait for weekly close and double check.
IF it manages to close ABOVE 2.200$, hence recovering its lost support and painting a hammer or anything similar i would consider that a first bullish signal (fakeout).
So watch weekly close and look for any potential opportunity.
As usual, DYOD.
Comment:
Zoom on daily. TD count=9.
Comment:
It's moving pretty well:
Now the hard part though, test of resistance ahead.
Not out of the woods yet, breakout needed.
Now the hard part though, test of resistance ahead.
Not out of the woods yet, breakout needed.
Comment:
Momentum starting to slow down.
It needs to pierce through within few hours or suffer a rejection.
It needs to pierce through within few hours or suffer a rejection.
Comment:
Trying to breakout.
Volume needed, as for bitcoin.
Volume needed, as for bitcoin.
Comment:
Ethereum again above support.
That's fine, but there's a lack of volume.
Needs more to stay afloat.
That's fine, but there's a lack of volume.
Needs more to stay afloat.