ETH: Impulse may be impending
Let us look to the two ellipses, one containing the lagging span and the other containing the pricepoint, cloud, and momentum indicator.
If this bullish TK is sustained and the pricepoint manages to come into a bullish position above the cloud, we can infer that our bullish lagging span is not just a fakeout and that it would be quite proper to consider our next point of entry in the next coming weeks, as we can see that the correction has only started to begin with ETH.
I believe it should flirt with our pastel yellow support line, so look to the momentum indicators to determine the extent of the correction as time passes by.
Perhaps we may see a beautiful triangle which would lead to a positive breakout!
Happy trading!
-LB
If this bullish TK is sustained and the pricepoint manages to come into a bullish position above the cloud, we can infer that our bullish lagging span is not just a fakeout and that it would be quite proper to consider our next point of entry in the next coming weeks, as we can see that the correction has only started to begin with ETH.
I believe it should flirt with our pastel yellow support line, so look to the momentum indicators to determine the extent of the correction as time passes by.
Perhaps we may see a beautiful triangle which would lead to a positive breakout!
Happy trading!
-LB
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