ETH → Am I only one who see it bearish?
Updated
hello guys...
as you can see the orange area worked like a resistance area and the price couldn't break it yet!
on the other hand, the internal trendline is so close to the price!
also, you can see the price moving below the descending channel!
all of these are bearish reasons! why is the price compressed here?! due to the bottom line of the ascending channel I suppose!
you can consider it bearish until the price breaks the internal trendline!
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
as you can see the orange area worked like a resistance area and the price couldn't break it yet!
on the other hand, the internal trendline is so close to the price!
also, you can see the price moving below the descending channel!
all of these are bearish reasons! why is the price compressed here?! due to the bottom line of the ascending channel I suppose!
you can consider it bearish until the price breaks the internal trendline!
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Note
the internal trendline broke up!
follow the wedge pattern and get the position aligned with the line break!
👉my recommended broker:
bit.ly/HYCM-M
__________
👉my recommended exchange:
bit.ly/LbankMelika
__________
My telegram channel:
t.me/melikatrader94
bit.ly/HYCM-M
__________
👉my recommended exchange:
bit.ly/LbankMelika
__________
My telegram channel:
t.me/melikatrader94
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