Chart Pattern Analysis Of ETH/BTC
https://www.tradingview.com/x/U5UtnwdP/
From K1 to K3,
It is a bullish morning star pattern.
K3 nearly close upon the downtrend line.
It seems that the long-term downtrend had been reversed here.
The problem of the bear force is low supply pressure.
K4 is a first test to the potential support,
And it verified the lacking of supply.
If K4 successfully test the support for a second time and close upon the downtrend line,
It will be a valuable place to open a tentative long-term position.
From K1 to K3,
It is a bullish morning star pattern.
K3 nearly close upon the downtrend line.
It seems that the long-term downtrend had been reversed here.
The problem of the bear force is low supply pressure.
K4 is a first test to the potential support,
And it verified the lacking of supply.
If K4 successfully test the support for a second time and close upon the downtrend line,
It will be a valuable place to open a tentative long-term position.
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