Looks like we are setting up a nice cup for a big move higher
It appears ADABTC pair has broken market structure of the downward trend. I expect we retrace towards the 0.236 fib level before making a trend back up towards the 0.618 fib level.
Looking at how we have progressed passed Bull flag, we are setting up for a nice small retracement towards the red line of the bullflag. As long as we do NOT break this level, we should make a move towards the ATH before we find resistance. IF we can break past ATH and can close above it, forming new support line, I would expect us to trend towards the $50k...
We are moving in an Upward trend for ETHUSD. We'll flit with breaking ATH before making a higher low and have the trend move higher
On the daily chart we are seeing a large body long legged dojo forming. I expect we should start to see some sideways trading before we get some downward pressure. We have a high chance testing the 1.618 level which means we should be testing the $30,000 price range before we attack back up towards the 2.618 level once again. Economic pressure across the world...
It appears we are starting to form a head and shoulders pattern. If this is the case we should see a nice opportunity for a small pump to retest a previous high. If we fail to break the high I would expect a nice fall towards $27,500 mark
Using fib trends, we are seeing BTCUSD daily(24 hour) chart setting up to have a retracement down towards $33548.72 or potentially headed lower towards the $26551.91. RSI levels are indicating we are entering the overbought territory, however, this could only be a short term retracement before we take a leg higher. Gemini volume on the exchange is showing...