The daily volatility level is at the same levels before the $6,000 breakdown in November 2018 and the $4,000 breakout in April of 2019.
I expect a big move in the next few days to start.
Don't miss it!
- short to 200 MA around $4,600
- long the test of the 200 MA to new highs around previous congestion area
- short the new highs for a big retest of the breakout area around $4,250
A big move is coming after a long consolidation. I think the move will start in the next 10 days.
A break of $150 will give you an entry for a long trade
A break of $130 will give an entry for a short trade
ETHUSD is forming a triangle on 4h chart. I have used the daily chart however to show how this pattern fits in the larger timeframe. It fits perfectly with the bigger trend lines and the horizontal support and resistance.
Short at $131 or lower. (wait for a confirmed 4h candle close bellow $131)
ADABTC is breaking out of a triangle on daily chart. Also retested the breakout which is the best time to enter a long.
Buy at 1150
A break above 1200 is needed to accelerate the move.
A very clear bearish RSI divergence on daily chart.
MACD cross over
Long term resistance can bee seen on weekly chart.
Short in the area of 0.01225-0.01275 - the higher the better :-)