ETHUSD:
The local 0.618 fib level made it bounce.
The lower line of the uptrend channel was strong enough.
The upper line on earlier ascending triangle works as support.
The Gann Setup isn't the best, but I'll give it a try. Zoom out if you wonder this looks like. In other words, the blue arcs should hold.
Wave 4 next up?
ETHBTC:
It is currently in a down trend and wave 5 might be completed.
It is currently testing the 0.382 fib level (fib channel).
Could it break out of the channel?
Earlier idea on ETHBTC with log scale (It is currently testing a Gann arc - Very bullish(!)):
The local 0.618 fib level made it bounce.
The lower line of the uptrend channel was strong enough.
The upper line on earlier ascending triangle works as support.
The Gann Setup isn't the best, but I'll give it a try. Zoom out if you wonder this looks like. In other words, the blue arcs should hold.
Wave 4 next up?
ETHBTC:
It is currently in a down trend and wave 5 might be completed.
It is currently testing the 0.382 fib level (fib channel).
Could it break out of the channel?
Earlier idea on ETHBTC with log scale (It is currently testing a Gann arc - Very bullish(!)):
تعليق:
Not the best Cypher Pattern, but it confirms the bounce that happened recently:
تعليق:
One more thing: I just saw that the channel was a drawn with a small "error", which was easy to see with the 4h chart. By doing so the Fib channel looks a bit more exact: