ETH setting up for a big triangle break within 24hrs
Hi everyone,
ETH is inside a big triangle pattern. It is hard to predict which way it will break. In the 4h hour chart we are bullish, but we are still in a big bear market in longer timer frames. The good thing is that we don't have to predict it, we only need to react to what the market tells us.
Bear break targets and support areas are 194 and low 170s
Bull break targets and resistance areas are 228 and 250
This is PureStructureNoBS keeping it real for you all
Cheers
Last prediction:
ETH is inside a big triangle pattern. It is hard to predict which way it will break. In the 4h hour chart we are bullish, but we are still in a big bear market in longer timer frames. The good thing is that we don't have to predict it, we only need to react to what the market tells us.
Bear break targets and support areas are 194 and low 170s
Bull break targets and resistance areas are 228 and 250
This is PureStructureNoBS keeping it real for you all
Cheers
Last prediction:
交易結束：目標達成:
Both targets reached!
Now we will consolidate. The overall crypto market had a very bullish day and will most likely continue pushing upwards for a few more days. However for me to say that we are no longer in a bear market, bitcoin needs to break to a higher high above 7400 and the set a higher low
Now we will consolidate. The overall crypto market had a very bullish day and will most likely continue pushing upwards for a few more days. However for me to say that we are no longer in a bear market, bitcoin needs to break to a higher high above 7400 and the set a higher low
First target reached!
I think we will continue to go up from here but we may need some time to consolidate due to the nasty 1hr doji at resistance