ETH break out? Or another Bull trap!
Updated
ETH has been sitting at its channel support for a bit now.
We can see the last break out from local trend resistance resulted into us testing channel resistance, which then lead us right back into the wedge.
- 1H candle currently has closed above this resistance.
- MacD showing signs of potential crossing
- Good Volume
Closure below channel support would invalidate this setup.
<3
We can see the last break out from local trend resistance resulted into us testing channel resistance, which then lead us right back into the wedge.
- 1H candle currently has closed above this resistance.
- MacD showing signs of potential crossing
- Good Volume
Closure below channel support would invalidate this setup.
<3
Note
Potential Inverse H&S
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