symmetryfx

Etherium - Bullish Price Structure on H3

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BITFINEX:ETHUSD   Ethereum
On the 3 hour chart, price broke out of a sell zone into a buy zone and completed a bullish MA cross.

Price created a bullish engulfing pattern that was also a continuation pattern confirming the 4H resistance has been broken.

The 4H S/R that price just broke above is now support.

Price could be breaking out of the sell zone to retest previous high's and create a bullish engulfing on the daily and weekly timeframe in the process.
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