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PullBear

ETHUSD UPDATE

Long
Ethereum / TetherUS PERPETUAL CONTRACT (BINANCE:ETHUSDT.P)  
PullBear Updated   
BINANCE:ETHUSDT.P   Ethereum / TetherUS PERPETUAL CONTRACT
Trend Analysis
3
0
trendanalysis
Strong buying volume and momentum.

Accumulation around 390-395 : i.imgur.com/eUxvC0r.png

Might break the $400 resistance, expecting a leg up if it does.



Comment:
I see "rising wedge" ideas being posted, here why I am not considering this to be a classical rising wedge pattern:

* It is too extended now, a rising wedge pattern should have already broken down
* Volume is strong, not indicating a dead cat bounce
* Zooming in the 15min, we see strong consolidation and support going slowly higher
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