ETH.USDT (Y20.P5.E3).Is it a good sign?
Hi All,
(B.chart)
I had this chart done up some time back and was just messing around with the support and resistance lines and what I saw, surprised me that ETH found resistance perfectly at this top resistance trend line.
This line goes way back as per the chart below. Meaning it will take some effort to break it.
Lets hope it consolidates under this area holding a level of support to break it.
The indicators show upward pressure but that's because we had this BTC run.
It really depends on BTC as BTC would likely range for a short while but most likely do that major pullback of 20 to 30 %.
I had 21k to 23K as the macro Elliot 3 impulse target so now looking for a pullback.
One mentor said he has 26K range but did not talk about what phase or event.
This weekend will give us a clue as to what's going to happen, with BTC.
December and January should see more highs of BTC but is it possible that we hit the target so soon?
Here is my ETH BTC pairing chart and so there might be some hope that ETH gains momentum and holds above the bottom trend line
ETH.USDT post
BTC dominance post
Cheers,
S.SAri
(B.chart)
I had this chart done up some time back and was just messing around with the support and resistance lines and what I saw, surprised me that ETH found resistance perfectly at this top resistance trend line.
This line goes way back as per the chart below. Meaning it will take some effort to break it.
Lets hope it consolidates under this area holding a level of support to break it.
The indicators show upward pressure but that's because we had this BTC run.
It really depends on BTC as BTC would likely range for a short while but most likely do that major pullback of 20 to 30 %.
I had 21k to 23K as the macro Elliot 3 impulse target so now looking for a pullback.
One mentor said he has 26K range but did not talk about what phase or event.
This weekend will give us a clue as to what's going to happen, with BTC.
December and January should see more highs of BTC but is it possible that we hit the target so soon?
Here is my ETH BTC pairing chart and so there might be some hope that ETH gains momentum and holds above the bottom trend line
ETH.USDT post
BTC dominance post
Cheers,
S.SAri
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This community has signals now but with no risk management comms.
620 is the bearish scenario