Pending opportunity: Long Position in Ethereum!!!
Ethereum still bullish into this possible formation of ascendent triangle, now to know not neccesary it's an accumulation zone. But yes, Ethereum still bullish toward the $616 USD
Now. looking the Daily chart, I add this key support line and the price it's starting to up in the next hours. So guys, very important tit's to take in notice in the log timeframe as 3 Daily chart and weekly chart. Because I see another perspective that Ethereum can to go down.
Now, looking the 3 Daily chart and weekly timeframe. Ethereum have signal of weakness, we see that Ethereum show in weekly a bearish divergence in the price actio nand RSI, that could be a signal of reversal of the trend, and also in H3 timeframe we could see with the best clearly that Ethereum could to formed a elliot wave analysis, so in theory we would need a Ethereum down toward the $470 USD to complete the correction #4 and then, continue with a new impulse higher.
This is the 3 Daily chart and we see that bearish scenario are most highly in Ethereum, also in Bitcoin too.
So, if in any case Ethereum continue up, I would need to update if we starting to drop from $616.
Now. looking the Daily chart, I add this key support line and the price it's starting to up in the next hours. So guys, very important tit's to take in notice in the log timeframe as 3 Daily chart and weekly chart. Because I see another perspective that Ethereum can to go down.
Now, looking the 3 Daily chart and weekly timeframe. Ethereum have signal of weakness, we see that Ethereum show in weekly a bearish divergence in the price actio nand RSI, that could be a signal of reversal of the trend, and also in H3 timeframe we could see with the best clearly that Ethereum could to formed a elliot wave analysis, so in theory we would need a Ethereum down toward the $470 USD to complete the correction #4 and then, continue with a new impulse higher.
This is the 3 Daily chart and we see that bearish scenario are most highly in Ethereum, also in Bitcoin too.
So, if in any case Ethereum continue up, I would need to update if we starting to drop from $616.
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