אתריוםלונג
ETHUSD: falling wedge and the future
As can be seen, the big wedge has been formed since August 17th. Although the falling wedge is not very clear, I believe it still holds the property of a falling wedge. So, the price could break up from the upper line in the near future.
Also, the Bollinger Bands are narrow, which could be a signal for a breakout. The price faced pressure from the lower band of the BB. we can see the price tried to break the lower band three times within the wedge. That could be a signal but I do not base my analysis on that.
The volume remains low. Actually this is not a popular instrument, low volume is usual. But we could expect the volume to increases when a breakout happens.
The MACD lines are about to cross and make a bullish cross, also, the RSI is in an upward trend.
So, let’s expect the price to go up.
Also, the Bollinger Bands are narrow, which could be a signal for a breakout. The price faced pressure from the lower band of the BB. we can see the price tried to break the lower band three times within the wedge. That could be a signal but I do not base my analysis on that.
The volume remains low. Actually this is not a popular instrument, low volume is usual. But we could expect the volume to increases when a breakout happens.
The MACD lines are about to cross and make a bullish cross, also, the RSI is in an upward trend.
So, let’s expect the price to go up.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.