Hi friends,
We can see that Eth have like many other cryptocurrencies have broken out of their downtrends.
Common targets for the falling wedge pattern would be the following:
1st target: 0.5% 239.59$
2nd target: 61.8% 268.76$
We can also see that the RSI on the daily chart is 82 which signals that the price is overextended and a pullback is to be expected.
This is no financial advice, do your own research before doing any kind of trading activity.
Please like if you support this idea, much appreciated !
Have a nice day :)
We can see that Eth have like many other cryptocurrencies have broken out of their downtrends.
Common targets for the falling wedge pattern would be the following:
1st target: 0.5% 239.59$
2nd target: 61.8% 268.76$
We can also see that the RSI on the daily chart is 82 which signals that the price is overextended and a pullback is to be expected.
This is no financial advice, do your own research before doing any kind of trading activity.
Please like if you support this idea, much appreciated !
Have a nice day :)