ETH has been sitting at its channel support for a bit now.
We can see the last break out from local trend resistance resulted into us testing channel resistance, which then lead us right back into the wedge.
- 1H candle currently has closed above this resistance.
- MacD showing signs of potential crossing
- Good Volume
Closure below channel support would invalidate this setup.
<3
We can see the last break out from local trend resistance resulted into us testing channel resistance, which then lead us right back into the wedge.
- 1H candle currently has closed above this resistance.
- MacD showing signs of potential crossing
- Good Volume
Closure below channel support would invalidate this setup.
<3
Comment:
Potential Inverse H&S
