Ethereum gives a nice breakout of "W" Pattern.
Ethereum looks bullish on a higher time frame and has crossed the resistance of 3100 levels.
It has closed above the level on daily time frame and is taking resistance form is 20 ema.
A nice morning star pattern is there on a daily time frame and trading between the moving averages.
On a 4 hour time frame the coin has given a "W" pattern break out with good volumes and has crossed it 20 and 200 ema .
Support :- 3100, 3040, 2960
Resistance :- 3198,3320
There is a crucial resistance near 3130-50 i.e. 20 ema on daily and weekly time frame.
Wait for the price action and candlestick pattern near the levels.
It has closed above the level on daily time frame and is taking resistance form is 20 ema.
A nice morning star pattern is there on a daily time frame and trading between the moving averages.
On a 4 hour time frame the coin has given a "W" pattern break out with good volumes and has crossed it 20 and 200 ema .
Support :- 3100, 3040, 2960
Resistance :- 3198,3320
There is a crucial resistance near 3130-50 i.e. 20 ema on daily and weekly time frame.
Wait for the price action and candlestick pattern near the levels.
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