ETH looking to solidify a breakout from this wedge and not in the direction most of us were hoping for.H4 candle closed in the highlighted zone but I'm holding out until we dip below; support's maintaining so far and I'd prefer not to include the P/L in my taxes this year.
Weekly candle (third red) still has 4 days until close which leaves the possibility of a quick dip-and-recovery back to current levels.
Three dashed lines added for potential support zones (3450-3300) with a single solid line for the long-term trend extreme low. I'll post this on D1 tomorrow to better clarify.
Expect major resistance now at the lower trend limit (solid purple) versus 3900/4k.
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.
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.