Well ETH/USD is showing the epitome of a triple bottom(a bullish pattern ). Three major bounces on a support line, during a down trend, over a long period of time, and with decreasing volume . It's a classic case. Though, this is the crypto market and the most predictable of patterns don't always play out. I'm bullish in the short term and will be more bullish once other resistance lines are broken.
Note
That falling wedge into the triple bottom is the frosting on the cake if ETH breaks upwards
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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.