Hello, welcome to this ETH /USD 4Hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS:-
On the 4-hour timeframe, ETH is trading inside a falling wedge, which is technically a bullish pattern as long as the price can break out of the falling wedge and form a higher high, which should be around the critical level of $3,000.
Once the indicator has entered the bearish zone, the dynamic trend line (marked green) will likely be retested. From there, we can expect a short-term continuation of the uptrend.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS:-
On the 4-hour timeframe, ETH is trading inside a falling wedge, which is technically a bullish pattern as long as the price can break out of the falling wedge and form a higher high, which should be around the critical level of $3,000.
Once the indicator has entered the bearish zone, the dynamic trend line (marked green) will likely be retested. From there, we can expect a short-term continuation of the uptrend.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
