"Top and Bottom Analysis" ETH/USD by ThinkingAnts
Last week we have posted this chart before correcting. You can check it on related ideas.
4H CHART EXPLANATION:
As we can observe, price broke the Daily descending trendline, the Wedge Pattern and the Resistance Zone with a strong upside movement. Now it is facing the Resistance Zone at 250 and making a corrective structure to continue the bullish movment. We will take long positions if price breaks the triangle upside.
Updates comming soon!
MULTITIMEFRAME ANALYSIS:
Weekly:
Daily:
4H CHART EXPLANATION:
As we can observe, price broke the Daily descending trendline, the Wedge Pattern and the Resistance Zone with a strong upside movement. Now it is facing the Resistance Zone at 250 and making a corrective structure to continue the bullish movment. We will take long positions if price breaks the triangle upside.
Updates comming soon!
MULTITIMEFRAME ANALYSIS:
Weekly:
Daily:
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