ETH UPDATEFirst (white lines) was the descending broadening wedge pattern which broke out to the upside and then we formed (aqua blue and orange lines) an ascending broadening wedge pattern which is a bearish pattern and we broke down from it, and I thought we were going to go a bit lower then we did but we managed to form a W (double bottom) pattern and re claim that orange support line pattern, I have measured the target of the W pattern, you can use orange support line or the neckline of the W pattern as stop loss! which aligns perfectly with the 1h 200MA
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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.