Hi,
Welcome to this analysis about Ethereum, we are looking at the hourly timeframe perspectives. In recent times Ethereum managed to show up with higher highs however it also moved into a serious overbought condition, besides that Ethereum is developing this broadening-wedge marked in my chart. Mainly there is two possible scenarios each one indicating a decisive reversal and continuations to test lower levels, either Ethereum breaks below the lower boundary which will show up with further bearish pressure or Ethereum firstly manages to hold the support to continue with the wave-count into the upper resistance-level from where the reversal establishes and completes the formation, in either case, the bearish perspectives should not be kept by side here.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about Ethereum, we are looking at the hourly timeframe perspectives. In recent times Ethereum managed to show up with higher highs however it also moved into a serious overbought condition, besides that Ethereum is developing this broadening-wedge marked in my chart. Mainly there is two possible scenarios each one indicating a decisive reversal and continuations to test lower levels, either Ethereum breaks below the lower boundary which will show up with further bearish pressure or Ethereum firstly manages to hold the support to continue with the wave-count into the upper resistance-level from where the reversal establishes and completes the formation, in either case, the bearish perspectives should not be kept by side here.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Join Premium Channels: bit.ly/4bUD8N8
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.