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setarekz
Mar 6, 2021 1:02 AM

ETH/USD - Now or never! Bullish pattern. Long

Ethereum / TetherUSBinance

Description

ETH has painted an inverted Head and Shoulder patter... will it be confirmed?

For this to happen we need to break above the neckline. If yes, we will most likely re-test our ATH at 2k.

Price wants to move up, but watch BTC (see my idea linked below), if we get rejected on BTC which is just below resistance, then ETH may be in trouble too.

We will know by tomorrow evening where we're headed. For now ETH has maintained its bullish momentum. We also have a higher low on price.

RSI also painted a higher low and MACD wants to cross on the positive side. If we have continuation we're gold . If not... some bad times ahead. Best to be patient now.

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Comments
markusd1984
Nice, which BTC resistance level? 48715?
hossein_eslimi
very good 👌
mmalek1979
Nice view
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