WyckoffMode

In Ascending Channel Holding Previous Resistance as Support

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POLONIEX:ETHUSDT   Ethereum / Tether USD
We will likely continue sideways for a bit longer WHILE HOLDING current price level as support. The current price level WAS resistance at one time before coming present day support in this Ascending Channel. I'm expecting us to go up to the HISTORICAL RED RESISTANCE BAR by year end and then fall back down briefly once again to a higher low before FINALLY transitioning into Phase E to higher highs with multiple Signs of Strength and multiple Shakeouts to act as stepping stones to a Buying Climax at the end of 2020 or end of 2021.
Bình luận:
The following image provides several Accumulation Schematics. We are in an "Ascending Channel" in my opinion. i.imgur.com/D1fHpTN.jpg
Bình luận:
Only focus on Godmode indicator in this 3-Week Chart to see the lines I've drawn to point out the Purple ENERGY is trying to look bullish to show support at current price level on the lower boundary of the Ascending Channel.


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