ETH failed to hold 50% retracement of previous low to high at 1750. This brought ETH to the lower support of the rising wedge.
ETH needs to flip support at 1730 (YELLOW trendline) then conquer (1750 50%) retracement to remain bullish.
I am expecting the wedge to fail, and upon retest of entry, will reject. That will be the short/sell signal.
Good Luck
ETH needs to flip support at 1730 (YELLOW trendline) then conquer (1750 50%) retracement to remain bullish.
I am expecting the wedge to fail, and upon retest of entry, will reject. That will be the short/sell signal.
Good Luck
Note
1H retest could not get back in... this may continue down now
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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.