Ethereum MTF TA
Hello, here is a multi time frame technical analysis chart for Ethereum.
We are at the very end of a descending wedge (some people will also see a triangle) on the higher time frames.
Price is testing 5-month support area at 1050$ and could be printing a double bottom on the daily chart.
We are starting to see some bullish signs on lower time frames but nothing serious yet. I'd be patient right now.
I like to compare ETH to BTC, and we can see that ETH has been performing better than BTC (or at least, not as worse), however we fail to make new highs so the day ETH overtakes BTC isn't coming yet.
We are at the very end of a descending wedge (some people will also see a triangle) on the higher time frames.
Price is testing 5-month support area at 1050$ and could be printing a double bottom on the daily chart.
We are starting to see some bullish signs on lower time frames but nothing serious yet. I'd be patient right now.
I like to compare ETH to BTC, and we can see that ETH has been performing better than BTC (or at least, not as worse), however we fail to make new highs so the day ETH overtakes BTC isn't coming yet.
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