What I'm seeing;
- The run down in March shows high volume, potential indicator that was a capitulation bottom.
- Weekly shows level at $8733 has been tested and held.
- Level at $10,300 shows multiple tests, meaning this level will most likely not hold if tested again.
- If we can pass the $10,300 level, I'm looking at the $14,690 level as the next potential high.
I'm leaning towards short term bullish if we cannot close below $3830.1. If bulls can defend this level, we could see a run up to about the $4600-$4700 level, before ultimately making another leg down. Whether this leg down holds as a higher low is to be seen. However, judging by how impulsive our move down has been and the lack of bullish follow through, I'm...
Just a pattern I've noticed on the 15minute for Ethereum. Looks possible to reach about $475 to $477 from this point if the pattern is confirmed. Confirmation once we reach about $466 then retrace to about $459. Enter once a clear break above $466 forms.
Man am I new to this, let me first start off by saying I am still very much a rookie at this. So from what I've outlined I think what i see here is a WXY correction pattern that has formed which is now proceeding into what could be the first wave attempt to push up. My biggest question (forgive my ignorance), but can you get a triangle correction (ABCDE) at the...
