Ethereum - Wedge pattern to a bull market
hello everyone
We may get to see better market in the next couple of days for Ethereum,but that does not mean that we have to look for tops and bottoms of the markets. Staying and trading in the market context, IS our best chance to make money.
Resistance level of 2800$ seems to have some effect on today's market but we have support level of 2725$ and our weekly trend line down below; Our support level and the TL may hold the price in the current channel but have this in mind, we have a wedge pattern on daily chart and the market is giving us higher lows, so a reversal condition is in order.
If we see lower prices here the bear market will continues , and If the wedge pattern works well we will witness a break out in the next couple of days.
We may get to see better market in the next couple of days for Ethereum,but that does not mean that we have to look for tops and bottoms of the markets. Staying and trading in the market context, IS our best chance to make money.
Resistance level of 2800$ seems to have some effect on today's market but we have support level of 2725$ and our weekly trend line down below; Our support level and the TL may hold the price in the current channel but have this in mind, we have a wedge pattern on daily chart and the market is giving us higher lows, so a reversal condition is in order.
If we see lower prices here the bear market will continues , and If the wedge pattern works well we will witness a break out in the next couple of days.
Aviso legal
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