Daily Vision on ETHEREUM by ThinkingAntsOk
Use this as a guide to develop your setup:
Main items we can observe on the chart:
a)The price is inside a Wedge Pattern (Main Structure)
b)Wedge Pattern are considered structures that tell us about the end of a current trend and the coming of a reversal movement,
c)Currently, the price is on a critical Support level (124-100) we think that is the zone in which a reversal may occur
d)If that happens, we expect a bullish movement towards the Secondary trendline (yellow dash-dot)
e)There, a corrective Structure may occur, that will be the filter we are looking on, to confirm that a new bullish trend must be coming
Main items we can observe on the chart:
a)The price is inside a Wedge Pattern (Main Structure)
b)Wedge Pattern are considered structures that tell us about the end of a current trend and the coming of a reversal movement,
c)Currently, the price is on a critical Support level (124-100) we think that is the zone in which a reversal may occur
d)If that happens, we expect a bullish movement towards the Secondary trendline (yellow dash-dot)
e)There, a corrective Structure may occur, that will be the filter we are looking on, to confirm that a new bullish trend must be coming
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.