eth lots of confluence resitence. death cross and other support

By luissjp

Updated

lots of confluence and resistences.

long time support that was broken

almost death cross 200MA 50 MA

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long support

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and the 50MA thT WAS resitence before.

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was support before ande know is resistence.

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bounce on the support of he falling wedge, broke the ong term support that is know is resistence batelling the 50MA weekly know.

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as you can see we ben batteling the 50ma weekly for a while. still resistence know.

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tradingview.com/x/aFGsXITw/we keep batteling the 50MA weekly

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looks we got rejected and the death cross happened on the daily, to be more confleucne death cross happened on the 203 where we git rejected befire starting last drop.

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we bounce back from the previous resistence and broke the 50 ma weekly,

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still batelling the 50 weekly MA and bounce of the previous descending wedge,

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we are finding support in the 50 week MA and i think we could target the 50Ma daily, that could pull us down.

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we could be in a bull flag.

Trade closed: target reached

, we hit the 50MA daily , and rejected by it, target reached, can be know we will test again the 50MA weekly, but need to study more to figerout direction.

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we did have a death cross but could be it was a false death cross as what happened with bitcoin in 2014

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continuation idea.

eth 100MA dailt target, posible inverse head and shoulder after

luissjp

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