ETH ZOOMED OUT PICTURE

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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ZOOMED OUT PICTURE FOR ETH!


As we can see price is still overall bullish from a long-term perspective,

And price is still trading inside this rising broadening wedge pattern,

However, price got stuck inside this consolidation marked on the chart, and for the bulls to kick in again with new bullish movement we need a break above the upper bound of this consolidation.

Meanwhile, as the price will be approaching our lower support zone again lining up with a massive support zone

Then we will be looking for new bullish movement on lower time frame.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!
Chart PatternsSupport and ResistanceTrend Analysis

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