Hello Traders,
Im seeing either a Head n Shoulders or a Descending Triangle playing out.
Bringing us to 25-24k
Macd looks like its about to death cross.
Rsi is heading back to 50 line.
We also have used 11/21 day ema as support in previous bull runs also lining up with 25/24k.
Thanks
Ethereum ETH
- 3 day chart
- forming a rising wedge
- major resistance is $2,028
- major support is $1,432
i think we are forming an ascending triangle on the macro.
we could see resistance around 1850-2000k range again, form yet another higher low compared to $1,200 range, and eventually break the $2k range and head to $2500
Bitcoin short to mid term : first thing i see if higher lows and the same top. second thing i see is the macd about to golden cross. third thing i see is the rsi bouncing off the 30 and creating a higher low. all these indicate a nice move to the upside. i can see BTC going to and fighting resistance around $50k then coming back to retest $45k. thinking the wave...
Bitcoin on a daily. forming a higher low but still faces long term resitance. if broken we are looking at 55-56k Bitcoin. Macd forming nicely above the zero line. RSI showing higher lows as well.
Last time BTC's dominance rose to these %s and then fell again was april to may 2018...we did see a short term pump but did NOT create a higher high and continued our downtrend.
BTC long term chart.
monthly macd is about to cross
rsi broke 70
i could see btc finding support around 27-28k ...small bounce bc she would be very very oversold....BUT not making a higher high compared to 50k.
