Ethereum fork is coming in 2 days. Technical analysis
Ethereum is trading in the symmetrical triangle. We have support and resistance and 2 touches on each side.
So far it tells us nothing. However if we look at history and see how price behaved on previous forks we can see a trend to fall on the release.
If this is the case we need confirmation. Trading near bottom range without pullback or strong supporting volume will be more than enough. So beware.
Also, at the same time BTC grew a lot and across a market we can expect nice correction.
"Buy the rumors, sell the news"
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
So far it tells us nothing. However if we look at history and see how price behaved on previous forks we can see a trend to fall on the release.
If this is the case we need confirmation. Trading near bottom range without pullback or strong supporting volume will be more than enough. So beware.
Also, at the same time BTC grew a lot and across a market we can expect nice correction.
"Buy the rumors, sell the news"
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
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.