Wolf🐺

Consensus is calling for $ETH to 1200s, but the 3D RSI tells a different story.
Every touch of the lower trendline has led to strong bounces.
I’m looking at 3200s as a base case.
Give it time, and don’t be surprised by shakeouts toward 2000s designed to trap you.

Bear flag all over my feed, fair take, but I see it playing out differently.
Here’s an alternative view.

Indicators like the 3D RSI and MACD are flashing bottoming signals.
RSI is bouncing right off its trendline, just like at previous lows.
MACD is also crossing near its lower trendline, a zone that has historically marked bottoms.

$ETHBTC is forming a bullish flag. A clean breakout could target the 0.05 area.

The bearishness at the lower boundary of a 4-year ascending triangle never really made sense to me.
That’s typically where strong structures hold and sentiment gets shaken out.

The multi-year lower boundary of a 6-year ascending triangle just passed a major test, support held exactly where it needed to.
Structures like this don’t build for years without a reason.

The rotation out of metals is just beginning.

The rotation from metals into crypto is underway.