In the previous increasing cycle, average ascending line played a good estimation until it broke, and we saw a reversal trend of price. I think we could rely on breaking of avarage line for finding out if a fall in price is a correction or a reversal of trend, due to recent Similar sentiment of market.
In n ascending wedge with buy pressure in every single touch of bottom of that, it is a very promising function for ETH and seems another possible push up is on the way If BTC could held 55k. ETH is getting the bottom of the wedge and that would be the decision moment to go up or down.
BTC seems to set to break the ascending wedge and completes a bull flag. But after that, it seems the total market cap decides if BTC would be pushed at 55000-58000 or not. Getting near to Black Monday behaviour in September and tribble dump candles, we would need to pass this Monday safe.
Candles and ascending trendline in triangle are bullish patterns that leads me to deny bearish and fear 😱 atmosphere in the market. At least, possibly, in the short term we could see a local peak (to liquidate long futures?) which would be a great opportunity to sell before any upcoming dump.
cup and handle at 30min time frame + ascending RSI in 4H time frame
Atom is likely to peak at 41 and, if so, it breaks up top of the weekly ascending channel.
it would be a real rally after confirmation.
O.K. nobody gets into any short long position before final cut, breaking the triangle up,or down. Checking the RSI and having hidden divergence in the same price tells the chance of a double bottom seems more.
After breaking down the uprising trend in accumulation channel, supply completely absorbed at 36000.
From now if the RSI and volume increase to the prior level, a midline breakout and testing the top of accumulation channel is possible.
That is critically important because this top point would be the intersection of down trending channel from 48000 and...