jthrasher

jthrasher Updated 

possible path

jthrasher

Current price action looks very similar to ETH's major bottom last year. Seems like a logical place to have bottomed assuming this whole move wasn't just some wild bear market rally. There's a nice increase in volume down here, but mainly on margin exchanges. The increase isn't as significant on spot. Not sure what that means but could be important.

jthrasher Updated 

Some levels that I see as being potential measured moves on a break of current structure. Current pattern leans bullish but every prior ascending tri in this downtrend has ended up being continuation down (bear flag). We still seem to be in a very strong downtrend so I expect it to continue lower personally but watching as we approach the apex

jthrasher

notes

jthrasher

just an observation based on prior triangle. Interesting to note how our 7.3-7.5 support range is where the prior triangle bounced and ultimately capitulated from

jthrasher

I believe this is some sort of ending diagonal similar to the 3k bottom. I'd expect a move up from here, proceeded by a .786 retrace, into a full on uptrend

jthrasher

keep an eye

jthrasher

Looks like complex IHS continuation or something, with a small ascending tri right shoulder nearing completion. Let's see if it plays out

jthrasher

in my opinion at least... It does have all the characteristics of a classic bull flag, according to certain OG technical analysts, especially seen by the high volume surge of the flag pole and declining volume on the flag itself. Could still flag down to mid to upper 8s, although I do like how it tested that prior swing high and bounced up from there, albeit...

jthrasher

Got a break + retest of horizontal break, which was strongly confirmed and now we have broken through this ascending resistance- very bullish series of events. Asc Tri measure lines up nicely with that fib trend extension - obviously a medium - long term target

jthrasher

Trade doubts creeping in again as Gold bounces strongly after that pullback. Want to see it break this established resistance right above but looks like it wants to keep moving up in what appears to be a very strong trend.

jthrasher

notes

jthrasher

upsloping trendlines from the prior triangle seem to be the Bear's final stomping grounds. break through them and we should get to 10.6-10.9 ish

jthrasher Updated 

Break and close over 9.8ish would confirm the pattern and give a measured move to around 10.6

jthrasher

Levels to watch..

jthrasher Updated 

Looks like classic flagging action. Measured moves on chart as the pole to wick and close

jthrasher Updated 

Bearish but technically at support

jthrasher Updated 

more in depth chart here if you wanna to follow but making this chart to try to watch its path