ETHUSD: Several Scenarios

2020年7月7日

ETHUSD: Daily Chart

Price currently consolidating. Breakout required

Bearish Scenario:
- Morning Star (bearish reversal)
- Break in overall uptrend
- Change in Market Structure ie. LL + LH
- Need a break and hold under $220 for bearish bias
- Break and re-test of Support for further confirmation

Bullish Scenario:
+ Potential Bull Flag forming
+ Bullish Harami on Support level
+ Waiting for Market Structure to change ie. HL
+ Bounce of support w/ HL is possible
+ Watch break up of Centre Bollinger Band
+ Waiting for break and re-test for further confirmation