First there was the Double-Top.
Then there was no higher close above the last 2 highs, pressing ETHUSD brutally down to fullfill the Medianlines Rule to reach the Center-Line over 80% of times.
Then price not only reached the Center-Line by breaking through the slanted green support, but also cracked through the weekly horizontal Base (grey) which acted as the last support Bastion.
There are two scenarios possible.
a) a pullback, jump above the CL and we will see a moonshot.
or
b) price is retracing the Center-Line as it does most of the time after it's break, and then continues to the downside. Target would be the Lower-Medianline-Parallel.
Then there was no higher close above the last 2 highs, pressing ETHUSD brutally down to fullfill the Medianlines Rule to reach the Center-Line over 80% of times.
Then price not only reached the Center-Line by breaking through the slanted green support, but also cracked through the weekly horizontal Base (grey) which acted as the last support Bastion.
There are two scenarios possible.
a) a pullback, jump above the CL and we will see a moonshot.
or
b) price is retracing the Center-Line as it does most of the time after it's break, and then continues to the downside. Target would be the Lower-Medianline-Parallel.
Anmerkung
Still weak, bounce potential to the Centerline is still intact.
🔱 Follow The Fork 🔱
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
🔱 Follow The Fork 🔱
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.