After the previous post of ETH, the Bulls broke out of the upward triangle and encountered the Bears near $4000 dollars causing the price to fall and forming a smaller version of the Cup n Handle.
This time not with an Ascending Triangle in the Handle *(as shown on the large cup n handle on the day chart)* but a Symmetric Triangle.
This makes it a little more exciting because the chance of falling or rising is the same.
You can also see that the EMA lines are pinched at the 4 O'Clock, something is brewing.
Should the Bears break out lower and the Bulls lose the $3300 zone, the first decline is likely to be towards $3150.
If the Bulls take control again and break out upwards, the attack is aimed at the $3670.
Given that the price target is planned above the resistance, this would be a nice one to re-test and to continue towards $4000 ~ 4200. But well, in the next 24 hours there will probably be more clarity.
Keep calm, trade safe and manage your risk.
*(Disclaimer: this is not financial advice)*
This time not with an Ascending Triangle in the Handle *(as shown on the large cup n handle on the day chart)* but a Symmetric Triangle.
This makes it a little more exciting because the chance of falling or rising is the same.
You can also see that the EMA lines are pinched at the 4 O'Clock, something is brewing.
Should the Bears break out lower and the Bulls lose the $3300 zone, the first decline is likely to be towards $3150.
If the Bulls take control again and break out upwards, the attack is aimed at the $3670.
Given that the price target is planned above the resistance, this would be a nice one to re-test and to continue towards $4000 ~ 4200. But well, in the next 24 hours there will probably be more clarity.
Keep calm, trade safe and manage your risk.
*(Disclaimer: this is not financial advice)*
Tims.Technische.Analyse by TIMTIBBO
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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.
Tims.Technische.Analyse by TIMTIBBO
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.