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ETHUSD scenario Since there is significant pressure in the cryptos until Aug 1st, I expect ETHUSD to sell a bit more. Not that it is not enough. There is significant buying at 180s, and orders at 160s. Scenariocast is: The key levels of significance 120 and 220 to become a band whilst keeping its move within the falling wedge until reaching August 1st.I find it likely to see a dip at 120 usd and a bounce back to 160s. And an uptrend from 160s, first facing profit taking at key level 220s. If for some reason it does that, there will have been an inverted H&S with a neckline at 220s and 320s target, which is another key level.
COINBASE:ETHUSD
by Birtan
1
EUR/USD CrabCrab with 2.24AB=CD (the 1.618 is way far behind to be at any importance) , 3.14BC projection and 1.618XA extension in the PRZ. SL @ 1.07. The RiskReward ratio is good standing at around 3.7. Since the RSI show such an oversold state I would personally execute the trade right after it touches the D point. Another important thing. Since the high volatility this friday we might have a huge gap which might invalidate the pattern but we will see how it plays out. That's all, folks.
Long
by FeelsFX
7