Steffro
Long

Will ETH be strong enough?

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD:
The local 0.618 fib level made it bounce.
The lower line of the uptrend channel was strong enough.
The upper line on earlier ascending triangle works as support.
The Gann Setup isn't the best, but I'll give it a try. Zoom out if you wonder this looks like. In other words, the blue arcs should hold.
Wave 4 next up?

ETHBTC:
It is currently in a down trend and wave 5 might be completed.
It is currently testing the 0.382 fib level (fib channel).
Could it break out of the channel?

Earlier idea on ETHBTC with log scale (It is currently testing a Gann arc - Very bullish (!)):
Comment: Not the best Cypher Pattern, but it confirms the bounce that happened recently:
Comment: One more thing: I just saw that the channel was a drawn with a small "error", which was easy to see with the 4h chart. By doing so the Fib channel looks a bit more exact:

Comments

Good observation mate! I see it similar!
+2 Reply
Steffro VincePrince
@VincePrince, thanks!
Reply
What a channel mate, keep it up.
+1 Reply
Steffro Bullandbeartrading
@Bullandbeartrading, thank you!
Reply
I cant unsee 886 eth
+1 Reply
Steffro 420snoop
@420snoop, 0.886 fib global you mean? Looks quite sick indeed.
Reply
420snoop Steffro
@Steffro, I meant $886 eth
Reply
Steffro 420snoop
@420snoop, ofc :D
+1 Reply
420snoop Steffro
@Steffro, once mercury retrograde ends on the 1st of next month the ease of movement up should be significantly impacted
Reply
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