I'm seeing a recent gap fill that played out in late FEB.
There is another possible Gap to be filled if we have some decent C.P.I data come out Tomorrow morning
The gap I'm looking at now is $432-$435
Then possible resistance at the 21 MA (Orange)
RSI has room to move up as well
Fingers cross we have finally seen the bottom
I'm watching Eth for a break of the resistance line on a possible reverse head and shoulders pattern.
RSI heading into oversold.
Could get a rally soon. Could be a Trap.
If ETH breaks below my lower Support zone I'm thinking more selling is coming.
If This head and shoulders pattern plays out on the daily chart....
I can see Eth going to $1600.
RSI is is also on a downtrend.
ETH is Trading Below the 200 MA.
All Bad signs.
IF ETH can get enough buying pressure to break the downtrend, then this could be a decent rally back to $3050.
Ill be watching the 1Hr Chart for break out either way.
I'm guessing within...
Ford is Trading under the 200 MA and is forming a second Double Top in 2 weeks. The FED has an Emergency meeting this afternoon. I'm expecting the market as a whole to have bearish sentiment afternoon.
If Ford reaches my target resistance zone I will be placing PUTS
(2 weeks EXP at $15.50 strike)
BTC is making a potential Head and Shoulders Pattern on the 4 hour Chart.
If BTC breaks the neck line/Support zone I'm looking for a possible drop to $39300
