AArmin

AArmin

The major Resistance area could stop the ETH FOMO, while belreaking it could reach the price to nearly 0.105 BTC which confirms ETHUSDT daily chart Fibo at 2.618 level, 5800 USD.

AArmin

ETH two times tried to break the upper limit of upwarding wedge but failed. In the down limit every time the rate of demand is very strong. The next tip point upper than this wedge, with a normal or weak momentum, would be considered a sell Opportunity with rsi > 80 in 4H time frame.

AArmin

The related idea is not correctly published. So I have to publish that again unfortunately.

AArmin

The ETH, in weekly chart, has the chance of shaping double bottom or upward pattern in triangle against BTC. The strong resistance of following days would be vital completing the form.

AArmin

In the previous increasing cycle, average ascending line played a good estimation until it broke, and we saw a reversal trend of price. I think we could rely on breaking of avarage line for finding out if a fall in price is a correction or a reversal of trend, due to recent Similar sentiment of market.

AArmin

In a 4H timeframe, a bullish hidden divergence has occurred. It's likely that a 58k rally soon runs after fear of weekend diminishes by the end of the day.

AArmin

In n ascending wedge with buy pressure in every single touch of bottom of that, it is a very promising function for ETH and seems another possible push up is on the way If BTC could held 55k. ETH is getting the bottom of the wedge and that would be the decision moment to go up or down.

AArmin

the flag pattern and mild declining slop of RSI is in favour of another shoot up to 58K. ride until next road sign.

AArmin

My future guess of BTC path. The RSI in high buy pressure, the AO and Volume are still in low mood and the momentum likely needs to recharge from the lower price range.

AArmin

I think total index need to maintain at 2.1-2.16 by the next two days to keep the potential power for pushing BTC up the 51k.

AArmin

BTC seems to set to break the ascending wedge and completes a bull flag. But after that, it seems the total market cap decides if BTC would be pushed at 55000-58000 or not. Getting near to Black Monday behaviour in September and tribble dump candles, we would need to pass this Monday safe.

AArmin

Candles and ascending trendline in triangle are bullish patterns that leads me to deny bearish and fear 😱 atmosphere in the market. At least, possibly, in the short term we could see a local peak (to liquidate long futures?) which would be a great opportunity to sell before any upcoming dump.

AArmin

cup and handle at 30min time frame + ascending RSI in 4H time frame Atom is likely to peak at 41 and, if so, it breaks up top of the weekly ascending channel. it would be a real rally after confirmation.

AArmin

some see the future dark some sunny. fortunately, RSI could light the way. We trust in RSI!!

AArmin

O.K. nobody gets into any short long position before final cut, breaking the triangle up,or down. Checking the RSI and having hidden divergence in the same price tells the chance of a double bottom seems more.

AArmin

Because of recent update, we hear a lot about ETH, ADA these days. chart looks good and ETH has held 1700,1800 support during downtrend. a boot in volume can break 1986 resistance

AArmin

Completing the head and shoulders pattern in weekly time frame, is getting closer. One should be aware of next week candle for confirmation. passing 30K area may have no pull back and Scape chance.

AArmin

A little bit hope to not make a head and shoulder pattern, BTC should break the 37500 in this round... I am not sure about it, though.,🥺