W Bottom on Ethereum
Here's what I'm looking at with Ethereum at the moment. Potentially forming a W Bottom on the Bollinger Bands.
You can see a drive just below the BB Support, then a push to the middle. I'm looking for a second test of the support around $292, and then a breakout of the pattern taking us to around $350. 1 Day MACD is tightening, and a crossover could coincide with the completion of this pattern.
I'm also looking at a larger ascending triangle formation as a few others are too. I'd like to see the momentum from the W Bottom push us out of that and back towards new ATHs.
I'll be going long at $292.
You can see a drive just below the BB Support, then a push to the middle. I'm looking for a second test of the support around $292, and then a breakout of the pattern taking us to around $350. 1 Day MACD is tightening, and a crossover could coincide with the completion of this pattern.
I'm also looking at a larger ascending triangle formation as a few others are too. I'd like to see the momentum from the W Bottom push us out of that and back towards new ATHs.
I'll be going long at $292.
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.
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.