ETHEREUM - Step 3 and it can fly away
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
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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