Possible Running Wedge, if so the target could be 70,000 for this summer
There, we would be in the selling zone, if a break up above 70k is confirmed, a new bullish phase could start again, if instead the resistance (the high side of the wedge) is confirmed, the bearish target could be 40,000.
It is interesting to note how the dotted trendlines perfectly respect trend breaks and rebounds, first on the upper side and then on the lower side ...... will it be possible to draw another one in the coming months? And guess the exact moment of bullish or bearish breakout?
ETH is identical
There, we would be in the selling zone, if a break up above 70k is confirmed, a new bullish phase could start again, if instead the resistance (the high side of the wedge) is confirmed, the bearish target could be 40,000.
It is interesting to note how the dotted trendlines perfectly respect trend breaks and rebounds, first on the upper side and then on the lower side ...... will it be possible to draw another one in the coming months? And guess the exact moment of bullish or bearish breakout?
ETH is identical
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.