There are two conflicting ideas for Ether right now.
The 1 Hr candles (or if you count the wicks on the 4 Hr candles) shows a rising wedge pattern.
This rising wedge is much clearer on BTC which is what leads me to believe it is more likely.
However the 4 Hr candles look like a nice ascending triangle pattern which, if it breaks to the upside should be very bullish .
Wait for the breakout on either side before deciding to buy, HODL, or sell.
The 1 Hr candles (or if you count the wicks on the 4 Hr candles) shows a rising wedge pattern.
This rising wedge is much clearer on BTC which is what leads me to believe it is more likely.
However the 4 Hr candles look like a nice ascending triangle pattern which, if it breaks to the upside should be very bullish .
Wait for the breakout on either side before deciding to buy, HODL, or sell.
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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.