ETH Next Leg UP
IF this flag is what is currently playing out, confirmation on impulse from (e) and breakout above (d). My count on the ETH outperformance of BTC puts us to the top of the inclining hourly channel in about 14 days. Coincides nicely
with confluence of resistances (Hourly Channel, Inclining Red Trend, Fib Extension from the base of the 1st move).
After this wave we might expect a retest of the daily inclining channel midline (blue).
Good luck out there!
with confluence of resistances (Hourly Channel, Inclining Red Trend, Fib Extension from the base of the 1st move).
After this wave we might expect a retest of the daily inclining channel midline (blue).
Good luck out there!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.