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Runningflat

Ethereum near end of Running Flat Correction?Ethereum may be nearing the end of a running flat correction, and ready to resume its bull run. It has stopped at the 100% level of its trend-based fib, with a higher low than its previous two lows. NOTE - If this was an expanding flat, Ethereum wouldn't begin its reversal until hitting at or even below $100. While this is possible, I think the running flat seems more likely. Additionally, we can find confluence in: - MACD, which has a strong bullish divergence from price - RSI also has a weak bull div - Stochastic RSI recently bottomed out looks like it strongly wants to go up. Idea is invalidated if we close with a lower low on the daily chart, and then returning to 100 dollars starts to look more realistic.
BINANCE:ETHUSDLong
by dudebruhwhoa
Ignore the Noise... Recognize a Buying OpportunityAt the end of the day as long as this stays above 233.68 its a Buy. - Bigger picture is NFLX can complete a Running Flat C wave if it stays above 233.68 (i.e. does not retrace more than 100% of wave B - The 5 count of wave C has formed a wolfe wave with the equilibrium point slightly above where it looks like it will open today (i.e. supply = demand near 272) - look for a bounce at open to test the equilibrium level: If it breaks above it expect a run further to try and re-enter the wolfe channel [ Initial target 307 by May 2nd ] If initial target is reached expect that momentum to carry it higher to test upper channel [ Intermediate Target 335 by May 24 ] A breakout from wolfe channel will give it the setup to run Target = 475 by July 22nd . If this materializes I do not expect it to complete gap fill to 500s without undergoing a minor correction or a least consolidation first. *** If NFLX has a sustained break below 233.68 it opens up a short opportunity - will re-eval. based on how it behaves in the 234-272 range. But subscribers, I assure you, have nothing to do with this. NOT FINANCIAL ADVICE. Have a blessed day, The Alpinist
NASDAQ:NFLXLong
by JerryManders
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