ETH in an ascending triangle on the 4h
Ethereum is in an ascending triangle and has hit that 0.026 resistance 3 times already. It has, however an obvious bearish divergence on the RSI. It could hit that 0.0228 fib support to shake out weak hands before breaking that 0.026 level.
If the upper level is broken first stop .028 and then we might bridge that gap with the grayscale premium ;-).
As for the time frame the triangle is converging around the halving's predicted date around the 11th of may. Big price movement might be expected both ways, let's wait and see
If the upper level is broken first stop .028 and then we might bridge that gap with the grayscale premium ;-).
As for the time frame the triangle is converging around the halving's predicted date around the 11th of may. Big price movement might be expected both ways, let's wait and see
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