Inverse Head & Shoulder pattern seems to have been completed. Also, the 4hr-candle has spiked above the very strong resistance, which have been so bearish for more than a month. MACD is on the uptrend and the oscillator gives us a buying signal. However, in my eyes, the momentum is not that huge. Thus, we have to keep the eyes on how it will move on the chart more...
In my eyes, there is an unpretty cup and handle pattern. KORBIT:XRPKRW hopefully break up to a great rally. Unlike BITFINEX:BTCUSD , XRP has already break through 50EMA and 100EMA, and there seems to be a promising hope for bull running. Since XRP is mostly traded in Korean crypto market by the fiat currency, it could act very differently from other altcoins...
Many might wonder BINANCE:BTCUSDT could go up again. I hope and guess that would happen. But for a very short period, that doesn't seem to be the case.
MACD and STOCH indicators in 1 hour candle chart show a little sign of rising momentum, however, in 4 hour candle chart, it only seems to be a hope.
This is not a financial advice, but only for entertaining purpose!
When I was a step back, it was evident the downtrend has just begun, and it is the new trend we haven't experience with Ethereum for a long term.
This is not a financial advice, only for entertaining purpose.
This chart seems very scary and devastating. My question is whether ETH could bounce back to normal. Only time will tell...
This analysis is my personal opinion, not a financial advice.
After the crash the up trend is confirmed for a short period, but it doesn't seem to break up the resistance line. The stochastic shows down trending divergence.
This is not a financial advice, only for entertaining purpose.
