Hello every body,
Zec/btc looks bullish inverse head and shoulders pattern.
RSI and MACD Bullish.
Entry above 0.0151
Stop loss under right shoulder swing
Take profit you can you fib lines to take profit
I'm watching this Harmonic Pattern on weekly chart could be interesting if it go back to 1300 area.
RSI still above 40 which is indicating that ETH still in Bullish side.
-Buying here some is good idea and buy more when price beaks above blue dashed line.
-Dont forget to use stop loss if you are going to open long trade based on this pattern.
Monthly Time frame still has many room to go down,
It can go in steeper trend till reach blue trend line,
Going slowly with many pullbacks,
Or side way movement.
Level to watch
5500 - 6000
4300 - 5000
2900 - 3800
This not a trade setup, it's just an analysis.
Hello all ..
Bitcoin still inside big falling wedge.
RSI almost oversold but remember that it can stay there for long time and another thing that RSI is not reversal signal it's strength signal.
- Between 4922 - 5550
- Between 2972 - 3500
Keep an eye on these levels and wedges.
Note: It's possible to go up from here..