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
Not
📊 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
Not
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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.