FX_Professor

ETHEREUM - Step 3 and it can fly away

Long
BITSTAMP:ETHUSD   Ethereum
This is more of an educational chart than anything, explaining the process for a price to go higher.

Step 1. Volatility comes when the price needs to ''exit'' from the wedge

Step 2. Resistance is finally broken

Step 3. Previoius Resistance is checked as a new Support, the price gets a confirmation and is ready to fly higher

ps. step 3 is stil incomplete, first it needs to become support and then a new rise will be in the making

Hope you like it, hope it helps!

the FXPROFESSOR

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