It’s just a pullback bro... right?

18 de fev. de 2021

Bitcoin pullback after surprisingly reaching target at top of trending channel at 52.6k, bounce expected within trending channel at 49.9k. The concern at the moment, is 3hr tf showing bearish ema cross, which could drive momentum below trending channel. 1hr stoch rsi showing reset, bounce is likely, possible bullish targets at 54-55k. If momentum shifts to the downside, bearish targets at 35k and 27k. Eth has also fallen out of trending channel support at 1895, currently struggling to reclaim upward momentum. Eth possible support target at 1840 which was yesterday’s resistance before the breakout, and lower at 1760. Bulls can reclaim here for another drive up to new ATH if things go well today. If not, we may be at a pivotal point for further retrace and reconsolidation.