Before I continue, I'm still bearish at ETHUSD.
the reason is simple, because right now we still inside symetrical channel down.
But,.... not all my follower and our client agree with bearish, so I made this analysis for bullish scenario
You can see we have 2 strong pattern here,
1. Big symetrical channel up
this bullish pattern perform since Mar 01st, and still...
THE ASCENDING TRIANGLE CHART PATTERN
The ascending triangle is a mediocre performer despite its reputation as a reliable chart pattern.
Price trend can be any direction leading to the chart pattern.
It is triangular in shape. Prices move between two converging trendlines. Two trendlines bound prices; the top trendline is horizontal and the bottom one slopes...
The Sunday Dumper look like has the habit: Dumping On Sunday in an assault manner--while most of traders are taking a rest!
Will it continue to Dump Today?
1st Support: 40 Days SMA
2nd Support: 50 Days SMA
3rd Support: 100 Days SMA
1st Resistance: 160 Days SMA
2nd Resistance: 180 Days SMA
If 40 and 50 days SMA provide support again, it might...
Ethereum formed a rising wedge, found resistance on a lower level (200 ma) and is touching the support very often which makes it technically weaker. Expecting a drop
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