Break out of the bearish wedge from above which confirms the bullish flag and possible continuation of the up trend.
We are making a higher high and the RSI has bounced off the 50 level and a MACD losing selling Momentum with bullish divergence.
Bull trap in the OTE zone between 61.8% fibo and 79%.
https://www.tradingview.com/x/kv5xIsQv/
I added 2 Long on ETH Today.
*** The 1st by remaining reasonable with a 5X leverage for price fluctuations and hunting for SL Longs to the south with big leverages lol like my 2nd long.
*** The 2nd in degenerate mode with 25X leverage, given the high confluence between many indicators in H4 that say the same thing towards a return from buyers:
- Rebound on the confluence zone via the 50 MA in yellow, the top of the Ichimuku cloud and the 38.2% fibo based on the fences.
- Bullish divergence on the RSI after confirmation via the passage above 50.
- Loss of Seller Momentum on the MACD.
The only crypto that holds its own against BTC is ETH and for years, and I think ETH will have its share of the marketcap pie at some point, and given the next news a lot of alts are likely to crash the July 1st because of Celcius who will start selling his alts against BTC and ETH to reimburse his users.
ETH Technical analysis in H4: https://www.tradingview.com/x/qeZSjMDi/
News: https://beincrypto.com/potential-altcoins-crash-on-july-1/
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