FinanceRhino
Panjang

Bullish Alternate Bat

COINBASE:ETHUSD   Ethereum / Dolar
Very well measured bullish alternate bat (purple pattern) with bullish divergence . It has some serious resistance to push through, but if we could get price action to $715 we could see some serious moves upward. This could be good!
Your bullish crab (not a bat, bats and butterflies are the other way around) is invalid due to the middle point between D and B being higher than Point C. Don't read too much into this crab you might get burned. We are in a VERY bearish momentum. Good luck happy trading.
Balas
@oshin11, It's an alternate bat (the purple pattern). The orange pattern is simply a previous AB=CD pattern.
Balas
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