ETH is currently near a strong Fibonacci retracement and a strong trend line, I'm personally not in this trade becouse for now i don't trade cryptos, this is just my analysis of the market you are free to take some ideas from it, but as always be carefull outhere ;) COINBASE:ETHUSD
Weakness in bullish trend. Possible lateral trend.
Price is trying to break the support. Wait for confirmation.
Price begins to rebound after reaching the level of support.
Price closes below support. Wait for confirmation of the break.
Price has reached an important level. A possible rebound begins to occur. Be aware to the break.
Price has come with a bearish candle at a high level, which marked the beginning of a bearish trend.
Oil is in a wedge that will soon break. There is upside potential to this trade, this setup shows our views on the trade. We would monitor the area to buy and then scale out part of it at the first point in orange and then P1 ourselves with the remainder while leaving the rest for the yellow area. We will monitor price and patterns in this box to close off the trade.
Possible formation is a rising triangle. Alternatively, it can be a double peak formation. Wait and see.
Here we see weak RSI, along with a strong break of a long term price level. I'm going to be watching the price action on this one, and if i see buyers thwarted, I will be selling short. Watch this one guys.
Apart from having new colors on my arrows, this PLUG looks like it might be in decline... will keep ya'll updated...
- Two possibles pattern formation. - Divergence is present - Waiting for reversal bar pattern inside PRZ
- Divergence is present - Wait for reversal bar pattern inside PRZ (use chart H1 for a better entry)
Looks like the uptrend continue. On H1 chart there could be an opportunity to go long in accordance with H4 chart H1 chart: - No divergence yet - Waiting for a reversal bar pattern inside PRZ