CryptoCap - ETH / Ethereum - Idea II - Triangle Play

6月30日

Hey guys,

yearly chart: bullish setup with targets around 435 and 577. (recent ATHs on closing base and by wick )

Quarterly: After a strong Q1 gain we see a trading back below 435 printing an inside bar... : bearish setup at a strong resistance level. Range of this quarter will be monitored closely on the 3D chart.

Monthly: 4 Months of weakness - with the last one not being able to reach the highs of the range.
-> Stochastic is turning down after forming a double top
-> Bullish trendline is still intact. It seems to be the last support before the lower high scenario will be in play. - alternatively looking at the triangle: waiting for a break of this structure and a retest

3D: very interesting. we see a consolidation of course - but there might be a fractal in play if you compare the 3D to the monthly chart.

However, I am seeing a bearish setup with an invalidation above 435. - keeping in mind that the yearly is still pointing up so we could easily be going just up from here.

thanks for reading…