Here we are looking at ETHUSD on the Daily TF…
As you can see, ETH has been trading within a symmetrical triangle since May of 22’, and as time progresses it continues to move closer to the APEX of the structure.
The APEX of this triangle isn’t technically until August of 23’, so let’s take a look at where we’re at now.
Currently, ETH has gotten rejected again from resistance, and seems like it’s ready to head back to support. This coincides with BTC, as BTC has been rejected multiple times from a breakout of $25,000. If BTC heads to lower levels, we can expect ETH to find support on the Ascending Line of Support…
What do you think ETH will do next? Let me know in the comments!
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.
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.