Could ETH/USD be forming a double bottom??? Time to get ready?
Does this look like ETH is forming a double bottom? If so it could signal a reversal.
Time to start watching this after the long decline I think.
Watch for the final formation of the second bottom and then stand by for the breakout above $414.
A conservative target is $484.
Stop below the bottom of the "buns" at around $360
If this is indeed a true reversal then strap on and enjoy the ride!
As usual these are just my thoughts. Do your own research and don't blindly follow anyone especially me.
Please LIKE if this makes sense. If you no likey please leave a comment so I can learn why this is wrong.
theredbaronZ
Time to start watching this after the long decline I think.
Watch for the final formation of the second bottom and then stand by for the breakout above $414.
A conservative target is $484.
Stop below the bottom of the "buns" at around $360
If this is indeed a true reversal then strap on and enjoy the ride!
As usual these are just my thoughts. Do your own research and don't blindly follow anyone especially me.
Please LIKE if this makes sense. If you no likey please leave a comment so I can learn why this is wrong.
theredbaronZ
Comment:
Bounced off the resistance at $416. Guess we have to wait a little longer for the big breakout. Perhaps after tax season...
Order cancelled:
Looks like this was not correct. It might break either way so the double-bottom reversal of the down trend didn't happen. Obviously it will go bullish at some point but looks like a little more patience is needed.
Order cancelled:
Should have waited. Missed it by thaaaaat much :-(