Monthly Descending scallop, this is a bullish reversal pattern.
Bullish Descending Scallop, Breakout has already occurred just an observation, may push higher.
Technical analysis: . StatusNetworkToken/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. . While the RSI downtrend is not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement...
Technical analysis: . StatusNetworkToken/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00015620 to 0.00014340). if so, traders can set...