#1 Inverted head & Shoulders pattern (bullish pattern) This pattern perform with bad uniformity, but still valid as bullish reversal pattern. Break neckline as bullish confirmation at 311.76, with projection at 349.20 To enter trade, buy after 311.76 break up
#2 Ascending triangle (Bullish pattern) this coin perfrom ascending triangle, and if it break up target at 349.20
#3 ABCD fibonacci retracement pattern (bullish pattern) We have AB=CD pattern perform here with target at 326.34 if this coin drop support at 298.05
I take it we should go long not once, not twice but three times ;) Love the charts great recognition!!! Long ETH baby!
personemail
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@goldbug1, Excavo agree. Dlavor indicator also shows that we should buy ETH. And Dian shows 3 pattern. I should switch my btc to eth?
goldbug1
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@personemail, If You think BTC has topped and ETH is going to pop then It never hurts to allocate profits, I did this with BTC and BCH /ZEC recently. One panned out the other is still boiling ;). I added ETH so I am bullish to be fair and disclose.
iamaethtrader
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very good
cricfan
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what about new target ? :)
BuLiG
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@cricfan, yup i would like to know too about new targets :)
moneyideas
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Possible to go to $290 or if that fails, $275 before bouncing
moneyideas
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Looks like all three patterns failed!
Mikelikescrypto
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@moneyideas, maybe it's a bull flag, not that btc has hit target could mean strong hedges boom? I.E. Eth bounce.
moneyideas
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@Mikelikescrypto, I don't think ETH will go much lower than it already is. buying in here around $280 and waiting for its run.