1. this is powerful support that eth reacted on March 2019. It can be a 5th waves.
2. It may come back to the resistance that was break out.
3. look at RSI,in my experience, it is good reason for returning at this moment.
But, notice. the thing is ETH is valuable more than 140-150 $ or NOT ?
How can you analyze this chart? which price is representing the best psychology of investors & traders ?
2. It may come back to the resistance that was break out.
3. look at RSI,in my experience, it is good reason for returning at this moment.
But, notice. the thing is ETH is valuable more than 140-150 $ or NOT ?
How can you analyze this chart? which price is representing the best psychology of investors & traders ?
1. it wants to break the support. I found the several pattern such this situation that push the chart to the bottom. if it can't reach a higher high (2), it will push to support for break down. notice to the power of chart for make new higher price.
2. If it can reach higher price. then we will trying for break kijunsen as first resistance & reach to the komo as second resistance.
Notice: this is midterms analyse.
I Describe this idea with example in next post.