As we can see ETH is in a bearish rising wedge pattern with RSI levels getting lower as the price is increasing. As per technical indicators, we are looking for a bearish move to the downside into our green buy box.
If we break to the upside of the resistance ETH can make a new ATH to the next psychological level of $2,000
Keep both options open as Bitcoin will...
BTC has taken a ride since 2015, I watched from the sidelines as more and more people became overcome with the excitement of this new currency. The “gap” up’s when it took hold and blasted off to north of 20,000 then 30k then 40k, were unprecedented. I’ve been involved with investments since 1997 and I have seen nothing like this and won’t ever again. I do think...
Phase C: It is in Phase C that the price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up.
With every rise there is a fall - after this uptrend price need correction before to go to 14XXX levels
Disclaimer:- This not a financial advice just a opinion.
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after successful breakout btc is could retest blue trend line if this happens than 38% retracement will also comes in the way.
after retest of trendline we can expect bull rally upto 13880
We are being supported by the trend-line, stop below the lower support (you can place your stop tighter if you wish), target the top of the ascending triangle and also trail the take profit for a potential breakout to 11.5k
Breakout levels.
1) 9550 above
2) 9300 below
Support 9500 and Resistance 9350
Trade whenever you will the breakout. I think very soon we are going to get the maturity of BREAKOUT. I aways love to trade in Breakout.
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Trapped aggressive bears, absorption from bulls, will the history repeat once again? Chart says it all...
Loosing pivot point will invalidate the possible trade here. Wait for successful retest of pivot point before entering.
this is chart are idea example. as you know from me i share most time 2 ideas: the expectation idea and the chart idea.
---> this are Example chart idea.
as the title says, it won't be surprising if we go there. I have to keep checking the whale effect. and update soon with more details about expecting chart.
Have good time all.
