ETH two option , bull and bear

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
170 8
posibility A or B
Comment: option A break out of the descendign wedge rejection from the 50MA retest of the desending wedge probaby on the 100MA and up from there
option B rejected on the long trend channel,and top of the descenfing wedge and try of the 135 bottoms of the falling wedge,
Comment: for knwo daily candle resemble previous top ,
Comment: 100 MA could be or next resitence until we have a day above the falling wedge resistance, I don't think we can consider it bullish.
Comment: fiting the channel and the 50MA daily to stay on the bull in the 4H.
Comment: we did fight the 50MA and still down it, quite close to previous structure with some green bars, and red after we did have the 100MA 200MA cross that i did wrote in another idea
Comment: 100/200 MA daily idea
Comment: always good to check on btc btc bounced from the previous triangle if it manages to do a inverse head and shoulder ETH will try to break the 50 MA and the descing triangle.
Comment: still batelling the 50MA if we keep going sideways we could tr to break the triangle to the upside.
Comment: as expected ETH is aiming at the resitence of the triangle. still inside a bear flag,
nice idea <3
@DAVID9039, please do some chart hygiene next time to get ur message out more clear!
luissjp DAVID9039
@DAVID9039, will try to do :)
Means its short now?
luissjp hamed1286
@hamed1286, still not confirm, but if we keep having the same behavior probably down in more incline to a drop, to be bullish we do need a day candle cross above resistance of the falling wedge, we just got quick wick in 1h that was quickly rejected.
luissjp luissjp
@luissjp, if you compare we broke the hiperbolic movement up, we have wick but not candle crossing, One think is we do have the 50MA daily , that could act as support, so until we cross it , we could still have a break.
luissjp luissjp
@luissjp, sorry wanted to say the 200MA 4h, in the previous sample we where batteling the 50MA 4h and whe cross it we drop hard.
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