#ETH #UPDATE - As before, looks stronger than BTC, making more pronounced HLs, respecting trend, and has now formed into a symmetrical triangle.
An inside bar failure pattern on the 4h suggests we should at least test a bit lower at 174.20. However an equivalent on the daily a few days ago would suggest we test 181.85. (Although I haven't backtested reliability of this pattern on ETH)
Price remains non-impulsive on the up moves, and continues to respect bear ranges over bull although with growing indecision. However if BTC takes this down, at this stage I don't expect it to take out the recent lows even though my long term outlook below 186.50 is very bearish.
An inside bar failure pattern on the 4h suggests we should at least test a bit lower at 174.20. However an equivalent on the daily a few days ago would suggest we test 181.85. (Although I haven't backtested reliability of this pattern on ETH)
Price remains non-impulsive on the up moves, and continues to respect bear ranges over bull although with growing indecision. However if BTC takes this down, at this stage I don't expect it to take out the recent lows even though my long term outlook below 186.50 is very bearish.
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Endless learning
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.