K4 break up K2 and the downtrend line under increased volume,
If the following candles keep the strong momentum and break up 0.056,
Or the following candles stand upon K3 and the downtrend line,
I will exchange more BTC to ETH.
And the stop loss set at the lower price of K2 or K3.
Note
K1 break up the resistance,
But K2 return back immediately.
K1 and K2 is a bearish engulfing pattern,
If K3 close below the support,
I will stop loss here.
Note
K3 and K4 is a bearish engulfing pattern,
K5 verified that.
If the bearish momentum want to restore its strength,
K6 should keep falling to close below K4.
If this happens, I will stop loss here.
On the other hand, there are also good signals here.
K5 close upon K2 and the resistance.
It verified the bullish momentum of K2 and K3,
If K6 keep pricing up to close upon K1,
I will exchange more BTC to ETH.
Note
In Week Time Chart,
K3 and K4 is a bullish up engulfing pattern.
It verified the potential resistance.
K4 couldn’t close upon the resistance,
Candles are still trapped into the horizontal trend.
If the 0.5fib line verified the support,
It still worth to hold more ETH.
Note
In day time chart,
K1 to K3 is a bullish morning star pattern.
K3 slightly close upon the resistance.
The strong momentum must be verified by the following candles.
Another good news is the low supply pressure here.
So, it is likely that the following candles keep pricing up to test 0.056.
Note
A bullish three soldiers advancing pattern pull the price to the neck line.
If the following candles keep pricing up,
It will likely consolidate at the resistance for days.
If the following candles fall back immediately and consolidate at the support,
It still worth to exchange more BTC to ETH.
Note
K1 verified the supply pressure at the neck line is strong.
If the following candles don’t consolidate at the neck line,
It will also consolidate at the resistance at about 0.06.
Note
In week chart,
K2 close upon the downtrend line.
It is a signal that the previous downtrend market is most possibly had been reversed already.
it is more profitable to hold ETH than BTC.
If the following candles fall back to test the support or the downtrend line,
It still worth to exchange more BTC to ETH.
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.