ETHUSD AWAKE SLEEPING GIANT
After a long winter of consolidation the sleeping giant looks to soon spring back to life.
1) This perfect ascending triangle formed by the bottom of the bear trend and the 0.382 fib is soon to be broken out of.
2) Descending volume shows this to be a consolidation range coming to culmination (the triangle) with the direction soon to be chosen.
3) We are clear above the previous ATH support/resistance @ 863 providing a solid floor that has shown its bullish support recently.
4) Watch the Ichimoku Cloud soon to cross bullish as well if we continue moving up. If it crosses when price is above, that is a very strong trending indicator and will be the last call before the ship takes off.
Trend is your friend and this one is to you a hand trying to lend!
Act accordingly or fourth ever hold your peace.
P.S see attached chart for the correlation between ethusd + btcusd.
btc breakout = eth breakout
1) This perfect ascending triangle formed by the bottom of the bear trend and the 0.382 fib is soon to be broken out of.
2) Descending volume shows this to be a consolidation range coming to culmination (the triangle) with the direction soon to be chosen.
3) We are clear above the previous ATH support/resistance @ 863 providing a solid floor that has shown its bullish support recently.
4) Watch the Ichimoku Cloud soon to cross bullish as well if we continue moving up. If it crosses when price is above, that is a very strong trending indicator and will be the last call before the ship takes off.
Trend is your friend and this one is to you a hand trying to lend!
Act accordingly or fourth ever hold your peace.
P.S see attached chart for the correlation between ethusd + btcusd.
btc breakout = eth breakout
Nota
Bullish hammer on the daily, looking upNota
Can't beat the correlation
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.