On the 12H a not very nice Falling Wedge but the support and resistance lines are clearly visible.
There is an above-average volume breakout on this pattern and last night there was another breakout at the hour where a Descending Broadening Wedge has significantly surpassed its price target, so it could just be that there could be another re-trace / pullback towards the +/- $2200 before we go further up.
if we fail when re-testing you can take that as a sign of weakness, in case of going down further keep an eye on the $2000 or even lower. Sometimes they want to grab extra liquidity during such a re-test, stop losses that are just below the support line, in short, always pay attention to such scenes.
also see my next post of ETHEREUM on on the daily its a W pattern. so in overall this situation is bullish.
in case u like it hit the like button to keep me making these Analyses.
There is an above-average volume breakout on this pattern and last night there was another breakout at the hour where a Descending Broadening Wedge has significantly surpassed its price target, so it could just be that there could be another re-trace / pullback towards the +/- $2200 before we go further up.
if we fail when re-testing you can take that as a sign of weakness, in case of going down further keep an eye on the $2000 or even lower. Sometimes they want to grab extra liquidity during such a re-test, stop losses that are just below the support line, in short, always pay attention to such scenes.
also see my next post of ETHEREUM on on the daily its a W pattern. so in overall this situation is bullish.
in case u like it hit the like button to keep me making these Analyses.
Tims.Technische.Analyse by TIMTIBBO