Santander Settles Both Sides of a $20 Million Bond Trade on Ethereum
bullish engulfing candle good long entry if we can sustain we could reach wave C, we check and observe how the next candle would react if it can sustain or not, we should break 10600 resistance area, if we long now and take the risk we still have a good R:R ratio of 2:8 other scenario is to retest the wedge
We almost touch the .618 fibs w/ a lousy bullish div in the rsi at 2hr TF, and a falling wedge pattern formed (reversal), if we hold support at .618 fib zone we may go back up or consolidate (buildup), but this is just on a 2hr TF so any bounce could be temporary and going south still has a greater probability.