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melikatrader94
Apr 20, 2024 1:45 PM

ETH → Am I only one who see it bearish? 

BINANCE:ETHUSDT240
Ethereum / TetherUSBinance

Description

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hello guys...

as you can see the orange area worked like a resistance area and the price couldn't break it yet!

on the other hand, the internal trendline is so close to the price!

also, you can see the price moving below the descending channel!

all of these are bearish reasons! why is the price compressed here?! due to the bottom line of the ascending channel I suppose!

you can consider it bearish until the price breaks the internal trendline!
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Comment

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the internal trendline broke up!
follow the wedge pattern and get the position aligned with the line break!
Trend AnalysisChart PatternsBeyond Technical AnalysisETHETHUSDETHUSDTEthereum (Cryptocurrency)cryptomarket
Comments
vs_sayin
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Examining in a wide perspective might be more helpful. Check weekly time frame and where the main bullish peek starts (18 December-13 April). You will notice a bullish trendline starts in 16 Oct.
I Believe that it will hold the price just like it did many times before.
melikatrader94
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@vs_sayin, I know what are you trying to say!
as I published before:

but still, I think the price will touch the bottom line of descending channel again!
vs_sayin
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@melikatrader94, I must have missed this post :)
munawarh971
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news paper like headline, excellent title by editor
munawarh971
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interesting idea
Solana2DMoon
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Rekt ,Happy liquidation in advance
MyCryptoParadise
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I'm prefer ETH will break the resistance and continue upward because the market is showing positive sign after halving. What do you think?
melikatrader94
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do you agree?
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