⚡️Alright so real quick TA here and yet it'll be important so watch! A bit ago we posted up that first Ethereum TA for you guys on the longer timeframe which displayed our challenges ahead. I've added that line to mark the fact that this is a wedge that's formed and soon enough it'll dictate things for us.
⚡️Before we continue let's look at the chart on the shorter time frame below:
⚡️As of currently we haven't hit $1400 so we'll still keep that as our support point for now unless that changes by which I'll post for you guys. As of currently we've lost our 200 EMA so that's an issue until we meet up with it again but we already highlighted on that and why that is so important in our XRP and BTC ideas which you can find on my Ideas.
⚡️If we fall below that wedge it's gonna be a bad day for us more than likely, whereas if we can manage to keep within and slowly work our way back up we'll likely get that chance to regroup with our 200 EMA friend and should we hold it we could possibly even see a breakout happen towards that wedge's end! Gonna leave things here for now but if you'd like to leave a like or follow it'd be much appreciated, doing what I can as always, thank you!
~ Rock '
⚡️Before we continue let's look at the chart on the shorter time frame below:
⚡️As of currently we haven't hit $1400 so we'll still keep that as our support point for now unless that changes by which I'll post for you guys. As of currently we've lost our 200 EMA so that's an issue until we meet up with it again but we already highlighted on that and why that is so important in our XRP and BTC ideas which you can find on my Ideas.
⚡️If we fall below that wedge it's gonna be a bad day for us more than likely, whereas if we can manage to keep within and slowly work our way back up we'll likely get that chance to regroup with our 200 EMA friend and should we hold it we could possibly even see a breakout happen towards that wedge's end! Gonna leave things here for now but if you'd like to leave a like or follow it'd be much appreciated, doing what I can as always, thank you!
~ Rock '