we are forming a posible inverse head and shoulder in eth.
the idea will be to break out of the falling wedge, but ging up we have 3 major resitence.
200 MA
the previous support tyhat is know resitence and we where rejected one time
and the support long support channel , that is now resistence.
I expect to either fail or break of 200 MA and test of the long support.
the idea will be to break out of the falling wedge, but ging up we have 3 major resitence.
200 MA
the previous support tyhat is know resitence and we where rejected one time
and the support long support channel , that is now resistence.
I expect to either fail or break of 200 MA and test of the long support.
Comment:
200MA was resistance to strong if we make break the previous higher low we will drop much more, but we could still break the 200MA
Comment:
another thread pointed the 50MA weekly was holding the support and is been spot on.