Rsing wedge has broken down and has been tested as resitence. Head and shoulder just broke the neckline as well.
All in all, lots of confluence, short!
ETH is still looking healthy. Retracing only 0,236 which is totally healthy in a ABC wave.
There is a small head and shoulder but still aligned with the ABC correction wave.
There is a opportunity of a short against the trend.
symmetrical triangle correction (abcde) on ETH. Expecting to break up, target is measured by the size of the width of the triangle.
Remember that this is a neutral pattern that can break down as well.
we are in the abc correction. Remember that a 4 leg correction (not abc) invalidates the next bull have
BTC IS LOOKING STRONG. EXPECT ABC CORRECTION (ALSO RSI) NOW FOR FURTHER UPWARD MOVEMENT.
GOOD BUY IN ZONE AFTER ABC CORRECTION. CLOSING SHORT TERM LONGS FOR NOW
Bearish divergence on the RSI in the 1hr timeframe. i am expecting a correction aligned with the Elliot wave (a,b,c). Aferwards will go long.
ETH is looking strong on this bounce. However, do not get so bullish.
0,5 Fibonacci retracement level has been broken and now is acting as resistance at the 1hr chart. Expect down to 31,7k.
BTC is in a short-term bull run, trendline is currently being tested. Expect a movement from here
symmetrical triangle breakout
Rising Wedge ETH. trade the breakout
H&S inside a triangle, potential break down
If BTC does not hold the yellow trendline, expect more dump. This will also lead us to another fakeout and back to the descending triangle.
Potential break up and leading us out of the bigger descending triangle
H&S neck line broken