ETH has found a bottom post BTC collapse $1691 consequently pulling itself back into the over trend of the ETH market.
Having bounced x3 on that line it seems to find comfort support here therefore confirming the trend is back in.
1. Watch the yellow dotted line we could have a shard uptrend considering the volume
2. failing this our general support white whole line should bring us to the top of this ascending wedge.
Note MACD is looking to cross over as well indicating a bullish momentum
Red scenario heavier resistance @ 2900
Yellow scenario breakthrough
Blue lines are our targets along the way
Having bounced x3 on that line it seems to find comfort support here therefore confirming the trend is back in.
1. Watch the yellow dotted line we could have a shard uptrend considering the volume
2. failing this our general support white whole line should bring us to the top of this ascending wedge.
Note MACD is looking to cross over as well indicating a bullish momentum
Red scenario heavier resistance @ 2900
Yellow scenario breakthrough
Blue lines are our targets along the way
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.