Hi dear traders
As can be seen, ETH has created a new historic roof after the defeat of the resistance band 4000$.
By identifying the 4000$ range as a support band, the ETH has reduced its downward acceleration and, by stabilizing at the top of the range, has formed a suffering range that is seen as a triangular pattern.
If the pattern ceiling breaks and the price stabilizes above it, the pattern is confirmed and one can expect the next uptrend to start and move towards the midline of the long-term price channel.
An upward divergence is seen between price and RSI and MACD.
Good luck
As can be seen, ETH has created a new historic roof after the defeat of the resistance band 4000$.
By identifying the 4000$ range as a support band, the ETH has reduced its downward acceleration and, by stabilizing at the top of the range, has formed a suffering range that is seen as a triangular pattern.
If the pattern ceiling breaks and the price stabilizes above it, the pattern is confirmed and one can expect the next uptrend to start and move towards the midline of the long-term price channel.
An upward divergence is seen between price and RSI and MACD.
Good luck