From previous idea, was expecting breakdown from triangle, but dint expect to be so fast and furious. And seems like dint respect the bigger channel. Monthly close/weekly coming, i think we are going to consolidate until monthly open. Looking forward to break down and touch 50 MA
From previous TA, now we broke up, but its possible still in an potential rising wedge. Currently we are hovering near monthly/weekly open. Which could possible provide good long/short entry for this month. HTF close below 1.45 i will be changing my bias to bear
1. Imo it survived SEC and delist so far, seems to be respecting fib, there is a good chance 2018 ATH will be hit
2. Reload target on chart
3. Clear invalidation for me (drop out of channel)
4. See you in the moon!
Current at 0.382 and possible channel resistance, looking forward to break back into channel. My bias is to tap range high and make a new high due to ETHBTC pair seems to be ready to tap range high as well
BINANCE:ETHUSDT Possible scenario
1. Short near the top of possible triangle with tight SL
2. If it break out of the channel / 1H 50MA , it could be forming a triangle, if so LONG bottom of triangle
3. Or downward channel could be forming, LONG bottom of channel near 4H 50MA
I am bias toward 1 then 3
-Expecting good reaction in the green box
-Its only 3% of distance between current price and green box, but imo BINANCE:LINKBTC is at support or have another 7% drop to reach next support zone, BINANCE:LINKETH has another 5% to reach next support zone.
-Another thing to keep in mind is LINKBTC and LINKETH is free falling below D200MA, so its risky