Get started
leongaban

ETH continues to climb, now hitting top of expanding channel

Ethereum (COINBASE:ETHUSD)  
leongaban Updated   
COINBASE:ETHUSD   Ethereum
Trend Analysis Chart Patterns Technical Indicators Ethereum (Cryptocurrency) ETH ETHUSD
3
1
trendanalysis chartpattern indicator ethereum eth ethusd
On the 4hr timeframe.
Watching closely for a break up or rejection from the expanding channel top trend line.
We do have a 2 closing strong above a 1 using the TD sequential indicator.

I'm personally not trading atm, but I put in a long position at $119, all in cold storage.
Comment:
Above is a Coinbase chart.

On the Bitfinex ETHUSDSHORTS chart, Shorts are dumping hard.
Comment:
Ascending Broadening Wedge
excellenceassured.co...ning-patterns-wedges
Comment:
The 2 candle broke out of the trend line and the 3rd candle bearish, but the trend line is acting as support. Add in the huge increasing vol, and shorts getting squeezed, imho ETH has a higher % chance to break out daily descending wedge top line, which is that next resistance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.