We could be looking at a Ripple reversal here with a nicely formed Adam & Eve pattern into the 4H cloud. A tenkan-kijun cross here would also help confirm this bullish reversal, so watch for that.
Conservative target rests at 2150 using the flat top of the cloud, with a more ambitious target of 3150 through the support/resistance zone of 2500-2900.
Looks like a quickly rally following the bearish Adam and Eve formation, expecting to hit 320-330 before resuming correction toward support at ~285
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ETC appears to have made an adam and Eve bottom and up into a bullish pennant with a bull div and descending volume pattern.
The measured move from the Adam bottom, the flat cloud, and 50% retrace from the all time high all point to a little over $16 as the classical target for this move before a correction.
For a safer entry, wait for a close above the cloud on volume.
Here's another look at those Adam & Eve fractals on $ETH. In addition to the 12HR candle patterns being nearly identical, the MA Exp Ribbon's (lots of EMA lines) behavior appears to be basically exactly the same too. We could be looking at a hard drive to 500 and beyond.
– @BrightGoldCrab
The litecoin bitcoin ratio has held strong during bitcoins rise.
A potential Adam and Eve formation could see LTC dropping to the 0.0125 range, signalling a local bottom.
Get long if Eve forms
Kebab Oil Unlimited, is on penny, once a day joke , lead on oil strategist lol
proposes you next trading strategy on us oil ;) inverted Adam and Eve , oh good L... ;)
we need to confirm new support 46.47 and if so we are back to 39 with inverted Adam et eve pattern , Eve & Adam confirmation ;) , and fibo 0.5 39.27 TP 1
and then C point at 36.87 TP...
