Rising wedge breaking out on 4 hr bar, resistance at 890 plus possibly testing the cloud to break trend to bullish.
Komentar:
ETH had a nice break away attempt and tested top of cloud as resistance and failed and now is testing breakout as support on the 4hr bar. If it bounces off of support it will likely re test the resistance of the upper cloud and continue up from the 910ish to the 1000ish or if it breaks this supports it will test the next support being the lower cloud at 700.
Komentar:
Along side that, momentum has weakened a bit and rolling over as if there's just not enough gas in the tank on this major leg up.