Fake-out of an Ascending Triangle for ETH?
Or, will the Moon Boys come back into the market & Ethereum will find some buying pressure around the blue upward sloping support of the Ascending Triangle.
There have been multiple rejections on the horizontal resistance of the pattern, the more a trend line is touched the more likely it's going to be broken, in either direction.
I have drawn a green pathway to represent a potential hypothetical scenario.
The RSI & KST don't indicate much on this time-frame besides being oversold on boh indicators.
There have been multiple rejections on the horizontal resistance of the pattern, the more a trend line is touched the more likely it's going to be broken, in either direction.
I have drawn a green pathway to represent a potential hypothetical scenario.
The RSI & KST don't indicate much on this time-frame besides being oversold on boh indicators.
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.