EtherUSD couldn't reach the center line. If it resists, then it's a HAGOPIAN. That means, price will move in the opposite direction farther than from where it came.
Well, that's a bit of a bold call.
However, I closely observe it, as BTCUSD looks like it will turn north.
I'm watching this 4h cap and handle pattern to break out on ether chart.
Target for this pattern is 3800-3900USDT.
Supertrend has flashed buy signal but for break out we need the neckline to be broken/ 3420USDT/.
Favorable preconditions can be MACD bullish cross, Ichimoku and Bollinger upper band to be broken at 4h timeframe.
I believe there will be a correction before further udpaude action. However rather than riskng a short trade against the glow better to wait for this correction to find it bottom and wait for patterns to play from. Good luck
Lately we saw a huge impulsive wave wich is now followed by an ABCDE correction wave.
In the upcoming days we are going to see ETH going below the 400€ mark where the correction will stop at something around 350€.
Allthough there my be a possibility of an ongoing downward move in the regression channel I strongly suspect that we should return to the healthy linear...
