ETH: WEEKLY UPDATE! LINE CHART!!
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Welcome to this ETH update.
Why ETH can pump in upcoming days?
1) ETH is forming a falling wedge like structure in the weekly time frame and currently trading near the lower trendline of the wedge.
2) The main support level for ETH is at $1700-$1900 level
3) RSI is also forming a big falling wedge and looks like it might go to test the lower trendline in next few days. After touching it we can expect a good bounce.
4) Breaking below the falling wedge and everyone thinks that it's over but in actual it turned out to be a trap and ETH moving an upside rally again.
As you now all the altcoins follow ETH price action so when ETH starts it's rally we have seen a mini Alt season as well. Till now wait patiently and try to accumulate good coins in dip.
What do you think about this?
Do you think we can see a good relief rally in ETH and Alt coins or do you it will continuously dumping.
Share your views in the comment section.
If you like this idea then do support it with likes and follow.
Thank You!
Welcome to this ETH update.
Why ETH can pump in upcoming days?
1) ETH is forming a falling wedge like structure in the weekly time frame and currently trading near the lower trendline of the wedge.
2) The main support level for ETH is at $1700-$1900 level
3) RSI is also forming a big falling wedge and looks like it might go to test the lower trendline in next few days. After touching it we can expect a good bounce.
4) Breaking below the falling wedge and everyone thinks that it's over but in actual it turned out to be a trap and ETH moving an upside rally again.
As you now all the altcoins follow ETH price action so when ETH starts it's rally we have seen a mini Alt season as well. Till now wait patiently and try to accumulate good coins in dip.
What do you think about this?
Do you think we can see a good relief rally in ETH and Alt coins or do you it will continuously dumping.
Share your views in the comment section.
If you like this idea then do support it with likes and follow.
Thank You!
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