Repeating patterns on ETHUSD

22 במאי 2018

ETH has been priting recurring Channel Up and consolidation patterns on 4H. The green lines represent the Resistance bands after each Lower High on 1W (with the latest being a projection). As the 675.39 Support and 707.50 Resistance dominate the price action , the 1D chart will remain neutral (RSI = 50.867, STOCH = 47.353, ADX = 13.958, Highs/Lows = 0.0000). That is why the next TP fot ETH is the 707.50 Resistance.