$ETH Update

72
Bounced from the ascending trendline and confirmed it by several 4hrs candles.

We did close a 1D candle below the line, but considering its shape (reversal) with a triple bottom on the same level I was expecting a bounce. However, not this big.

Another pattern made by the price is a descending triangle, where we're having LHs & a flat lower trendline.

Sellers being more aggressive than buyers.

Most of the time this is a continuation pattern (of short in our case), on the other hand an upwards breakout could occur.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.