Falling Wedge- Bullish - Update
Been a while since I've posted an update on ETH, however, frankly looking like it's ready for another leg up after pulling back after forming a bearish ABCD harmonic pattern- Big symmetrical triangle on the hourly timeframe (See Attached Chart Below), as well as a bullish falling wedge on the 4-hour timeframe. Additionally reclaimed the 20-day EMA (Not Pictured) and is currently sitting right on the 50-day EMA. Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout from this wedge
- Falling Wedge on the 4-Hour Timeframe
- MACD Golden Cross looks imminent
- Symmetrical Triangle on the Hourly Timeframe
- Bollinger Bands Squeezing on the Hourly Timeframe as well
- Buyer Volume Picking up Relative to Seller
Hourly Timeframe
Previously Charted
https://www.tradingview.com/i/vCwTO77E/
https://www.tradingview.com/i/okfAWrl2/
- Falling Wedge on the 4-Hour Timeframe
- MACD Golden Cross looks imminent
- Symmetrical Triangle on the Hourly Timeframe
- Bollinger Bands Squeezing on the Hourly Timeframe as well
- Buyer Volume Picking up Relative to Seller
Hourly Timeframe
Previously Charted
https://www.tradingview.com/i/vCwTO77E/
https://www.tradingview.com/i/okfAWrl2/
כתב ויתור
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