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ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase.
Here's what we're watching:
Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal.
Upside potential: If the breakout is confirmed, we could see a significant price increase.
Invalidation:- 4hr candle close below $3400 level.
Let me know your thoughts in the comments below!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase.
Here's what we're watching:
Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal.
Upside potential: If the breakout is confirmed, we could see a significant price increase.
Invalidation:- 4hr candle close below $3400 level.
Let me know your thoughts in the comments below!
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.