Départ imminent pour la phase E du schéma de Wyckoff , elle correspondrait à la phase 5 d'impulsion haussière des vagues d'Elliot
Mark up phase !
Trade Safe, Stay Safe
After 12 months we can now draw a Rounding bottom pattern and, in all likelihood, we can expect it to be close to completion.
Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
So to follow this turnaround pattern could be a good trade.
Best of Luck.
Price formed a clear ascending trendline (slashed in white), RSI is above 60 plus recently MAs are slopping up.
I would expect bears to fight at resistance around 380 €.
A break below the trendline will be a weak signal.
ETH has broken away from it's 2017 fractal structure, now suggesting a return to the norm of the VPVR point of control around €188 ($221) may be in play. Expect the 150 MA at €274 ($322) to be defended if price falls lower, as well as the old resistance level of the 2-year long resistance trend-line, followed by volume and long-term moving average support within...
A ETHEUR longterm weekly macd-evaluation seems to give a fairly indicative picture. After the MACD of this timeframe shifts towards lower levels the price does not fail to continue a significant set-back.
Aproximate numbers, measured from the highest price before the arrow, to the lowest on the slope (errors may occure):
Jul -17; 234€ (68%),
Aug -17; 165 (50%),...
A followup on my previous post, with a larger picture.
It seems that the .236 level might be holding, meaning the down-trend will soon continiue.
If not, the next fib.- levels are at 319 € and 336, the last one i consider to be downtrend-breaker-indicator.
We also see that the .5 level (336) resisted on the 17th, indicating that it was not possible to turn the...