ETHUSD UPDATE

Strong buying volume and momentum.

Accumulation around 390-395 : i.imgur.com/eUxvC0r.png

Might break the $400 resistance, expecting a leg up if it does.

評論:

I see "rising wedge" ideas being posted, here why I am not considering this to be a classical rising wedge pattern:

* It is too extended now, a rising wedge pattern should have already broken down
* Volume is strong, not indicating a dead cat bounce
* Zooming in the 15min, we see strong consolidation and support going slowly higher