TradingView
IkkeOmar
Mar 30, 2024 2:32 PM

ETH might be ready for a breakout Long

Ethereum / TetherUSBinance

Description

Intro:
Chart speaks for itself. Last time we saw the volume channel break bullish, we broke above the same type of wedge, we retested and went up much higher.
I see the same potential trade forming here.

Disclaimer:
The bullish orderblock could still be filled, in which case, I would be wrong. I still believe you should follow the price action.
I could also be wrong in assuming there is an upside in the wedge, price could just be bleeding for a longer time before breaking out, like in this chart:

Either way, set your alerts for when price breaks above the line!

Comment


Respected the line perfectly, broke above.
Waiting for a retest
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