Ethereum update
Ethereum is currently trending within a rising channel, as shown in the chart. It has formed a falling wedge pattern, similar to one it made a few weeks ago, and bounced by approximately 19% according to the pattern.
If Ethereum breaks out of this wedge, it is likely to bounce by almost 19% again. However, if it breaks out of the rising channel, the chart will be invalidated.
In the event that Ethereum does break out of the wedge, it would be a good opportunity to open a long position.
Stay tuned; I will keep updating
Ethereum is currently trending within a rising channel, as shown in the chart. It has formed a falling wedge pattern, similar to one it made a few weeks ago, and bounced by approximately 19% according to the pattern.
If Ethereum breaks out of this wedge, it is likely to bounce by almost 19% again. However, if it breaks out of the rising channel, the chart will be invalidated.
In the event that Ethereum does break out of the wedge, it would be a good opportunity to open a long position.
Stay tuned; I will keep updating
註釋
📊 Ethereum Symmetrical Triangle Assessment
Currently, #ETH is intricately constructing a symmetrical triangle, presenting a crossroads for potential breakout or breakdown scenarios.
📈 A successful surge past the $2340 threshold signals a bullish trajectory with a keen eye on the $3000 mark.
However, 📉 a dip below the symmetrical triangle support at $2200 hints at a bearish shift, urging traders to prepare for a possible retest of the $1500 range.
⚠️ Strategic considerations:
Eschew impulsive trades.
Rely on verified signals.
Employ technical analysis for accuracy.
Navigate the markets with sagacity!
#Crypto
註釋
ETH has rebounded from the trendline and established support within the Ichimoku cloud, accompanied by a notable increase in trading volume. Currently, it hovers near the breakout point of the ascending triangle.
A clear breakout would confirm a bullish trend, while a rejection might signal a continuation of price consolidation within the triangle's boundaries.
#Crypto
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Register on WEEX and Blofin and trade with me: 👇
support.weex.com/en/register?vipCode=bamn
partner.blofin.com/d/Cryptomojo
Free TG Daily Futures Signals: 👉 t.me/CRYPTOMOJO_TA
support.weex.com/en/register?vipCode=bamn
partner.blofin.com/d/Cryptomojo
Free TG Daily Futures Signals: 👉 t.me/CRYPTOMOJO_TA
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。