Eth has been trading the past few days in a seemingly mechanical pattern on the 4hr. A 3rd repeat of the last two patterns would indicate a first higher Low. Movement up to 1400 next 8hrs to test ATH, get rejected one last time before pushing through ATH and testing the resistance as support. That would complete the 3rd pattern and put us above the ATH with tested support.
Assuming you see this trend yourself and believe its the next move through the ATH barrier, where does ETH go on its next impulse higher? Its been held back by this BTC consolidation longer than anyone expected. Some would say ETH has supported BTC from dropping further (i'd agree). ETH breaking ATH will also give BTC the jumpstart it needs to start moving forward again.
Next 48hrs will be exciting. I'm 100% sure of it.
Assuming you see this trend yourself and believe its the next move through the ATH barrier, where does ETH go on its next impulse higher? Its been held back by this BTC consolidation longer than anyone expected. Some would say ETH has supported BTC from dropping further (i'd agree). ETH breaking ATH will also give BTC the jumpstart it needs to start moving forward again.
Next 48hrs will be exciting. I'm 100% sure of it.
Trade active
The pattern continues to follow along nicely and predictably for the last 5 days. Tommorrow (1/30) ETH will break out of its ATH and the next leg down will flip resistance to support. Anti-gravity here we come.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.