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ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase.
Here's what we're watching:
Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal.
Upside potential: If the breakout is confirmed, we could see a significant price increase.
Invalidation:- 4hr candle close below $3400 level.
Let me know your thoughts in the comments below!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase.
Here's what we're watching:
Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal.
Upside potential: If the breakout is confirmed, we could see a significant price increase.
Invalidation:- 4hr candle close below $3400 level.
Let me know your thoughts in the comments below!
הערה
ETH tracking our analysis!
ETH is currently holding the support zone we previously identified around $3420-$3480 and attempting to break out of the falling wedge pattern. This pattern can be a bullish reversal signal, but a confirmed breakout is key.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.