Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Ethereum has been testing the parallel trend line / resistance zone. Over the last few months we've been observing lower highs, but now we can clearly see the price trying to break through the supply zone. This is evident towards the end of the bearish market and towards the end of the accumulation phase. The ETHUSDT chart is bullish for all markets, because testing the resistance zone is the last phase of the Wyckoff Method Accumulation Phase, which has to do with bearish and bullish market cycles.
Hopefully your bags are filled at this point in time. What we would be looking for next, is a CLOSE of the daily candles ABOVE the resistance zone to confirm a new support zone.
A bit more on the Wyckoff Method HERE on a BTC Chart :
Have a great weekend 🥂
_______________________
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We thank you for your support !
CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Ethereum has been testing the parallel trend line / resistance zone. Over the last few months we've been observing lower highs, but now we can clearly see the price trying to break through the supply zone. This is evident towards the end of the bearish market and towards the end of the accumulation phase. The ETHUSDT chart is bullish for all markets, because testing the resistance zone is the last phase of the Wyckoff Method Accumulation Phase, which has to do with bearish and bullish market cycles.
Hopefully your bags are filled at this point in time. What we would be looking for next, is a CLOSE of the daily candles ABOVE the resistance zone to confirm a new support zone.
A bit more on the Wyckoff Method HERE on a BTC Chart :
Have a great weekend 🥂
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
