Conflicting signals, oh how I love them.
Number theory on both the macro and micro time scales are telling us to keep our eyes wide open to look for impulsive market activity. Not only are we nearing some significant candle counts on the 1hr and 2 hour and 4 hour(I didn't mark it on the chart but the orange line also represents the 4hr candle number 9 since our previous peak), but we are also meeting a significant day candle mark at day number 42 of our rise since the dip to the mid 100s.
ETH is going to do some big things soon, and if it decides to go and breach B, I have some price targets set up for us.
If B is breaches with momentum,
possible rejection at,
NT=336, roughly a
As you should know by now I like to stay prepared for trades in either direction. I am quite prepared for ETH to make a at the rejection point and take a trip down, possibly to the low 300s.
But just in case the bulls maintain their strength and inspire enough confidence at the top, we have a battle plan.
Similarly if our expectedly significant impulse is in the southern direction, we should have an alternative strategy.
I should be providing one sometime soon.
in the first sentence I meant descending 2 h2 candle number 9, not 1 hour candle.
Sorry for any confusion.
All eyes on ETH
If they can manage to preserve bull structure then our price targets are confirmed.
If my advice helped make you feel generous enough, feel free to donate and keep the analyses rolling in.
Cheers, enjoy your beer money ladies and gentlemen. I still have 1 position in place.
Happy trading and stay tuned fore more.
Trade well brethren.