ETHUSD Analysis 21/12/2021 12hr
Update from previous idea:
We broke the yellow line!!!
lovey stuff very bullish sign obviously we still have some obstacles to go before signalling bullish in the mid/long term. so broke the line we now are running into the first few levels of resistance. the golden pocket here is the first level looking to close a candle in this box before bullish test and break higher.
unfortunately I am really looking for a retest here coming back down hitting the yellow line before a huge volatile pump to the upside breaking up to the teal blue line, that is my ideal mid/long term plan.
just to see a 12hr close above that yellow line is a the main goal here on a big candle anything can happen, so showing a 12hr candle close above signals strength.
best case - retest yellow line and pump to teal blue line.
worst case - come back for retest and fail to bounce falling back into the formation.
We broke the yellow line!!!
lovey stuff very bullish sign obviously we still have some obstacles to go before signalling bullish in the mid/long term. so broke the line we now are running into the first few levels of resistance. the golden pocket here is the first level looking to close a candle in this box before bullish test and break higher.
unfortunately I am really looking for a retest here coming back down hitting the yellow line before a huge volatile pump to the upside breaking up to the teal blue line, that is my ideal mid/long term plan.
just to see a 12hr close above that yellow line is a the main goal here on a big candle anything can happen, so showing a 12hr candle close above signals strength.
best case - retest yellow line and pump to teal blue line.
worst case - come back for retest and fail to bounce falling back into the formation.
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