ETH broke the resistance I highlighted yesterday and did a nice pump today up to $1,350!
Now we seemed to have formed an ascending wedge which is typically a bearish pattern as the expectation is we would break down once we reach it's apex which happens to be... just around ATH level.
I would not exclude us pushing above this wedge higher and moving to re-test ATH or go beyond it. If you look at ETH/BTC ratio, ETH just passed a key resistance line vs BTC so we may have more pump in store for ETH.
Nevertheless, ATH resistance is a tough one to crack, maybe this time around we can break it, if we do, rocket up for the ride! :)
Daily indicators are curving up, this is a good sign for the bull case. Lets see tomorrow.
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Now we seemed to have formed an ascending wedge which is typically a bearish pattern as the expectation is we would break down once we reach it's apex which happens to be... just around ATH level.
I would not exclude us pushing above this wedge higher and moving to re-test ATH or go beyond it. If you look at ETH/BTC ratio, ETH just passed a key resistance line vs BTC so we may have more pump in store for ETH.
Nevertheless, ATH resistance is a tough one to crack, maybe this time around we can break it, if we do, rocket up for the ride! :)
Daily indicators are curving up, this is a good sign for the bull case. Lets see tomorrow.
Like and follow if you liked this idea!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
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.