GerryB

ETH in upwards channel

KRAKEN:ETHUSD   Ethereum
A simple mapping of some data points indicates that the orange triange acts as some resistance within the short term. There is however a larger ascending channel which in my view wil act as support and resistance as the value mature. Fundamental maturity would require various touch poinst within this channel. This might also indicate further and significant volatility in this grrater trend. How long this channel will last will help determine this trend's underlying strength. If the volume isn't rising on a breakout, there is a greater likelihood the channel will continue until it does.
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