ETHUSD - Bullish Cypher
Bullish cypher possible here ETHUSD if we get a confirmed local top around 148-150. This is the more immediate bearish outlook of ETH touching the bottom of the large wedge before heading back towards the upper bounds
Notice the major decrease in volume with rising prices
Short term -- bearish, followed by a big move upwards
Still learning harmonics. Thanks for checking it out
Notice the major decrease in volume with rising prices
Short term -- bearish, followed by a big move upwards
Still learning harmonics. Thanks for checking it out
Note
The harmonic would be valid as is actuallyPoint C can range from 113-141%
Eth hit this local top as btc did as well. BTC made a 141% retrace so this harmonic is valid for both BTC and ETH.
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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.