Crypto_Mercy

QETH - ETHEREUM ETF where to get in - Trend

TSX:QETH.U   THE ETHER FUND
New Ethereum ETF in Canada (Congrats) !!

QETH is currently retracing W1 which can bring us easily to 11.00$.
There is 2 gap up to watch, 11.81$ and 11.00$

Currently we are in a falling channel not a falling wedge which is Bearish.
Falling wedge are a bullish pattern but it's not the case here for QETH.
-The EMA ribbon is currently resistance.
-VWAP is also resistance and at 12.86$ on the 15min...
-Stoch RSI is point down like the RSI
-MACD momentum is not good at the moment and below 0
-RSI is beggining to be oversold which should bring some upside soon.

Most wishing entry points :
-5.68$ Golden Fib from the bottom
-2.23$ 0.85 Fib

Entry points for the next swing:
-11.01$ GAP
-11.22$ 0.85% fib
-11.49$ 0.786 fib
-11.81$ GAP

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