Break out to the upside.

Тема в разделе "English", создана пользователем Trading Ideas, 28 сен 2020.

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    Break out to the upside.
    Ethereum / Bitcoin BINANCE:ETHBTC
    RasmusSChristensen
    geamycMI_mid.png
    Along with ETHUSD there have been a break out of the falling wedge that have been going on for around a month.
    ETHBTC broke out earlier today to the upside, and ETHUSD broke out yesterday which helps to approve the confirmation.

    Next step is to take out the Ichimoku's Senkou-B line on the 4H chart around .0336 as it functions as both resistance and the same point as the recent high. Looking at the 1D chart, the price are now back within the cloud, and it can be so until the high 0.035's

    Mac-d about to make a bullish cross on the daily and there is plenty of room for the stochastic to move up.

    As a bonus for this bullish move, BTCUSD recently moved across first downwards trendline(DWT), and the next real resistance might be at the recent high around 11.1k, or at the next longer term DWT currently at 11.4k


    However this is not a financial advise, i am still practicing, and the main purpose is to hopefully get some feedback.
    Happy trading fellows, i wish you all only green numbers!
     
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