Eth Short Term Expectations
Here we are looking at ETHUSD on the 8hr TF...
As you can see, we are looking at ETH within a symmetrical triangle, which it has been trading within since the breakdown following the FTX crash.
Currently, ETH finds itself testing resistance. Throughout the bear market, weekends have been slow for price action in the crypto market, so it's gonna need some late Friday action or a strong push from BTC to break out of this channel (most likely).
If ETH gets rejected, we will expect for it to head towards support at around $1,190-$1,200 in the coming days/weeks.
Do you think ETHEREUM is about to to break out?
Let me know in the comments below!
Cheers!!!
As you can see, we are looking at ETH within a symmetrical triangle, which it has been trading within since the breakdown following the FTX crash.
Currently, ETH finds itself testing resistance. Throughout the bear market, weekends have been slow for price action in the crypto market, so it's gonna need some late Friday action or a strong push from BTC to break out of this channel (most likely).
If ETH gets rejected, we will expect for it to head towards support at around $1,190-$1,200 in the coming days/weeks.
Do you think ETHEREUM is about to to break out?
Let me know in the comments below!
Cheers!!!
To see my exact trades:
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
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.