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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Related publications
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.