A strong recovery sends ETH past previous highs reaching upwards of 3900.
However momentum has yet to break critical which may result in a double-top.
If this occurs supports should be noted at 50EMA -> 3615 -> long-term neckline (red) as final.
Closing below this zone would set us up for cycle reversal.
tradingview.com/chart/gDBkksfy/
However momentum has yet to break critical which may result in a double-top.
If this occurs supports should be noted at 50EMA -> 3615 -> long-term neckline (red) as final.
Closing below this zone would set us up for cycle reversal.
tradingview.com/chart/gDBkksfy/
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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.
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.