Ethereum Progressing through FLAG pattern with Bullish Impulse?
Continuing on from my initial analysis here:
It seems that we have almost confirmed the head-and-shoulders pattern and it is possible we are in view of the start of an Elliot wave 1, 2 and now going onto Wave 3, on the 4 Hour and Daily charts.
TDI shows bands are widening with the close still mid way between middle of band and upper band, thus suggesting possible future upward trend, after a sharkfin and blood in the water, for the previous Wave 1 Impulse. Price action has not hit the Blueberry EMA but has penetrated the Water EMA and all 3x EMAs seem to be flaring which suggests additional future upwards movement.
In my opinion, this wave count, Flag pattern formation, head-and-shoulders pattern are all progressing towards an EXTENDED WAVE 3 Impulse for continued bullish price action.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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TDI shows bands are widening with the close still mid way between middle of band and upper band, thus suggesting possible future upward trend, after a sharkfin and blood in the water, for the previous Wave 1 Impulse. Price action has not hit the Blueberry EMA but has penetrated the Water EMA and all 3x EMAs seem to be flaring which suggests additional future upwards movement.
In my opinion, this wave count, Flag pattern formation, head-and-shoulders pattern are all progressing towards an EXTENDED WAVE 3 Impulse for continued bullish price action.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Comment:
Another break in structure/triangle, to the upside, still trend is bullish !
