ETH: finally breaking out of descending resistance?
ETH has been held down by descending resistance (orange line) since its last run up on May 5th. It has finally broken free of it, but we want to confirm it's not a throw-over first. I'll be very bullish if we correct out of this ascending wedge and bounce off either green box. Preferably the lower one, as we could get a wick below the orange line to test the bulls and establish support hopefully. Confirmations are much stronger if tested and proven to hold above/below.
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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.