Blue arrows marked as deviations in ranges. Swift move from range high deviation to range low. Price is now trading back inside the range.
Mid range is next target imo, if it clears mid range, we go for range high. HTF still looks okay since price holds 250. I am not ultra bullish but definitely would prefer longing than shorting given the market trend.
4HR closed above resistance with big green candle. It is going to retest the previous HNS neckline area.
Watch closely to reaction on the OB neckline area, if it flips and manages to close above, I'll let it run, target to swing high, otherwise, cut the trade.
This is a perfect setup to display how 3 drives pattern works. Bullish scenario would be three consecutive bottoms and third drive landing on support. This pattern usually comes in harmonic and natural way, which means the distance between 3 drives is roughly equal, so it is not drawn by force, but rather, you just see it bcs it is there.
I am targeting the next...
Took out lows and SFP-ed. First time HH and HL after Nov 2019. Price is trading above the resistance, target should be that fib 1:1 extension, 22500 sats.
Generally alt market looks healthy now so higher chance for this to play out.
I won't be surprised if target is claimed in one moon candle, it is crypto afterall, stay safe out there, STOP LOSS is a must.
This is a very excellent area to place your buy orders. I think we will see reversal soon, definitely worth a shot here. If this doesn’t nuked that bullish breaker, I am quite confident that we go to 58. Low risk high reward setup.
Price has finally arrived at the long-awaited bullish breaker which also acting as a strong horizontal support. TD screaming for reversal as well. Take my chance to long here.
TP 1: 1.0988
TP 2: 1.1118
Weekly support still holds, I dont want to see weekly candle closes below 17400 if I am to call this the possible bottom.
Zooming in into Daily, lows cleared, close above 18600 would result in HH, triumph break of the downward pattern and this is when I would go long.
It's been 2 years of bear market for ETHBTC, will 2020 be different?
I can't ignore the weekly close, beautiful wick took out previous low and closed just right at resistance.
Let's zoom in to 12H chart. Above price is low volume nodes area, price could easily pushed above and won't linger that much. Lows all taken, 3 cleans highs waiting to be swept. Price currently trading above Dec VWAP, note that there is a VWAP gap to Nov...
Well respected support, moving inside a pennant, almost breaking up. Ideally would see it reclaims the OB and moves up. One of the coins you can hodl for a long term backed up with good fundamental too.