after broke up the resistance, ETH/BTC is in sideway not pump as we want.
But after few days sometimes It has dropped to 0.02167 but come back asap 0.02119 => there's a strong support ?
right now we just saw a big volume.
=> it will hit the resistance EMA200 if the cancle can close higher than EMA100
if the price can close higher than EMA18 that means btc break up the resistance line (the yellow)
( you can turn it to 1H timeframe to have a better look),
and our target is the upper line, we also have the lower support line.
after hitting the support line (the green) on daily timeframe, ETH is going up
and broke up the upper resistance line on 4H timeframe, hope this is not a trap anymore.
if we notice that the price has bounced the resistance closely so it help us think it's not the trap
and could hit target EMA100 (234.5).
- on daily chart
the price bounce the EMA200 so tight, and the price is so close to the support line (the green),
our targets are EMA50(256), EMA100 (238).
- on 4H timeframe
ETH is trying to break the resistance line (the orange line). if the 4H cancle can close
higher than the EMA50 with a considerable volume to confirm as a bullish rally comes.
=> our targets...
on 4H timeframe, We clearly see the head & shoulders is forming (bullish signal)
but we did see the rejection when price hit 11000
=> so we have to take a deeper look on 1H timeframe, and realize that another head & shoulders pattern is forming too, but this is the bearish signal. if 1h candle closes under the neckline, we have to sell and buy back maybe at...
after big dump.
the market is providing us some better signal,
when the price hit 9100, we saw big green candle in volume.
we see the Head & shoulders is being formed
the EMA signals are so close and we have EMA20 as the support and EMA100 as resistance
if the candle can close higher than EMA100 => the market confirms the head & shoulders pattern
and we're ready...
yesterday when 4H candle closed under the support line (the purple) => the uptrend can't continue,
and it retest the support line again, and broke the falling wedge (orange).
=> we can't confirm that btc stared new uptrend because of breaking the falling wedge
I wondering it just fake out the falling wedge.
maybe it can drop back to the falling wedge to 9790(the...
- hit support line on 4H chart
- divergence on RSI
- there's another price it can hit is at 10321 ( fibo 0.5 level on daily chart).
- our target will be the upper resistance line.
=> Let's see if it can back from this level.
Just comment and share your idea with me
the bearish rally continued to 11088 close to 0.618 level on daily chart (the green line).
and now it's forming falling wedge.
at this price, we always 2 options: (up or down). but in my opinion i think it will drop to 11000 which is supported
by daily chart, and also finishes the 5 waves on falling wedge and back from here.
on 4H we see btc broke the uptrend.
what you see on the 1H chart ?
- it hits the resistance line.
- divergence on RSI
- stoch RSI is on overbought area
=> the price will drop to 11000.
But if it can close upper the resistance line, we can short to target 11996
- it hits the support line (the purple one)
- it hit the EMA50 which is support price and we have another support price on EMA100(around 11400)
- a doji candle formed at the support line
- if the price can't form a candle closed under the support line, we will see the divergence on RSI,
and our target will be the upper purple line, around 13500.
ETH bounced the resistance of the rising wedge
could it break up this rising wedge or will drop to < 309 or 304.
in case it can break up, the target can be 323.
with the low volume like it, i think it will drop
- the Head & shoulders chart is being formed
- we can see very clear resistance
- the volume is under the average
- the EMA9 is so close to EMA18
=> if it can break down the support rectangle (the red box) => it can hit 10375 or event 9697 easily.
I think it will go down but this year btc has faked out many times. so not to be suprised if it can up