1. Overall down-trend 2. Trendline going for a 3rd touch 3. AWR - Average weekly range HIGH is close to Fibonacci 0.618 AND the trendline If the price respects the average weekly range it's lining up with the trendline and Fibonacci 0.618 at the same time. These confluences line up perfectly and could mean a continuation of the down-trend. Good enough for me to...
After the latest BTC impulse move, it seems that ETH is consolidating at the 166 resistance. If it continues to consolidate like this, that's a sign of bullish continuation. However, for now, I am still expecting a small retracement in the short-term, as I think we've completed 3 impulse waves and are in the process of an ABC correction. I've laddered into a...