As we know, ETH is encountering resistance at 1750. That level needs to break with a 4H candle close above. If not, the wedge will be retested around 1600 volume support. if that level fails with a failed retest wedge entry... then 1200 will be the next support. Notice the volume gap created from this recent impulse (low to high).
ETH must clear 1750 for more impulse, next few 4 hour candles should confirm direction.
Good Luck
ETH must clear 1750 for more impulse, next few 4 hour candles should confirm direction.
Good Luck
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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.