ETHBTC BLESSING IN DISGUISE / ICHIMOKU, TREND ANALYSIS

29 dic 2021

ETHBTC

NOTICE
The Flat Bottom Triangle is drawn according to 4h closes. For some reason the top chart is showing at 1D and it looks as if the white line is going through the wick however it is the 4h close.
NOTICE






There are 3 possible scenarios, the chances of ETHBTC retesting Support @ 0.074 is highly likely.

The Daily Trend Lines (yellow) will act as support if Ethereum breaks down.

ICHIMOKU

4H Ichimoku will act as resistance if ETHBTC breaks Up and Out of Flat Bottom Triangle, mind that it is a bearish pattern..




1D Ichimoku will act as a Very Strong Support if ETHBTC breaks down and out of fore-mentioned triangle.




You can see that the daily trend line and ichimoku supports line up perfectly.

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FOLLOW IF YOU FOUND IT TO BE VALUABLE INFORMATION.