ETH/USD Rising Wedge, Volume remain low
Weakness detected in recent ETH/USD recovery from recent 2018 low as price increase not supported by significant volume increase. Rising wedge formation on ETH/USD chart or parallel upward channel. Either way a break of 1,000 psychological support level will open ETH to fall lower to next support zone.
Here are key price levels for ETH/USD:
R2 - 1240
R1 - 1160 (61.8 pct fibo)
S1 - 1078
S2 - 1000
Here are key price levels for ETH/USD:
R2 - 1240
R1 - 1160 (61.8 pct fibo)
S1 - 1078
S2 - 1000
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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.