There's a strong trendline dating back to September 2021 that has acted as both support and resistance 5 times. It's currently acting as support as ETH has reached resistance on the upper trendline that dates back to December 2021 and has 3 touch points.
The FVG between $1450 - $1300 has yet to be filled and likely needs to do so before ramping back up to fill the bullish FVG between ~$2150-$2480.
We're at the convergence of two macro descending triangles. A big move in either direction is coming soon.
DYOR!
The FVG between $1450 - $1300 has yet to be filled and likely needs to do so before ramping back up to fill the bullish FVG between ~$2150-$2480.
We're at the convergence of two macro descending triangles. A big move in either direction is coming soon.
DYOR!