Refer to my previous post on ETH and my thoughts on why we've seen the bottom. Similar set-up here. I've identified key levels of resistance to watch out for. If you really want to be safe with your longs, wait for a break of 17.4k with confidence. There's a lot of other analysis out there that says 17k is a strong level of resistance to look out for (top of the right shoulder of a large H&S pattern).
Flat Kijun acts a price magnet, so I'm fairly sure we will see a pierce into the clouds at least. Also I think we will close with a MACD crossover on the 4h. Ichimoku is on x2 settings here.
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.