ETH/USDT: BULLISH FALLING WEDGE FORMATION!
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Welcome to this ETH/USDT update. ETH looks good in LTF.
ETH is forming a falling wedge pattern in a 4hr timeframe which is a bullish pattern. All we need is a breakout. Currently, it is holding above 50 MA and moving in the green box.
IMO you should buy it after the confirmed break out of this wedge because if it got rejected again then we might see it again at around $2800. So it's better to wait for the confirmation.
Local support:- $2960
Local resistance:- $3060
Strong support:- $2750-$2800
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this ETH/USDT update. ETH looks good in LTF.
ETH is forming a falling wedge pattern in a 4hr timeframe which is a bullish pattern. All we need is a breakout. Currently, it is holding above 50 MA and moving in the green box.
IMO you should buy it after the confirmed break out of this wedge because if it got rejected again then we might see it again at around $2800. So it's better to wait for the confirmation.
Local support:- $2960
Local resistance:- $3060
Strong support:- $2750-$2800
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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