Looking at the 1hr - ETH seems to have been bouncing off the short-term support at 514 for the last couple days. Watch this as a place to run for the hills if we break through again.
Not a trading recommendation - simply drawing lines at random on a bumpy chart.
Not a trading recommendation - simply drawing lines at random on a bumpy chart.
Note
Seeing a possible H&S developing as well.
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The 515 support seems to have lost its strength. The current pattern on the 1 HR seems like a (fairly symmetrical) broadening wedge.I have no idea what this means, but it looks neat.
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AND not to spam my own thread - but zooming out a touch it appears a slightly larger (and downward sloping) H&S could also be in the works.
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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.