Hi,
Let's have a look at ETHUSD with a 4 hours TF.
We can clearly see an ascending triangle with the Kijun acting as support. As long as we remain above the Kijun (= above the support line), a breakout to the 550's area is expected.
Is the support doesn't hold, the next supports are at 420 and 398$
!! BTC is facing a strong resistance at 16 000$ and a move to the downside is possible. If so, it's possible to see ETH following the downtrend by breaking the support of this triangle.
please like if you agree
DYOR !
Let's have a look at ETHUSD with a 4 hours TF.
We can clearly see an ascending triangle with the Kijun acting as support. As long as we remain above the Kijun (= above the support line), a breakout to the 550's area is expected.
Is the support doesn't hold, the next supports are at 420 and 398$
!! BTC is facing a strong resistance at 16 000$ and a move to the downside is possible. If so, it's possible to see ETH following the downtrend by breaking the support of this triangle.
please like if you agree
DYOR !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.