Ethereum is picking up like the rest of the market, closing on the resistance of falling wedge formation. If It manage to break out of it, ETH will easily reach next target at $300 and $360. If the price retrace again, one stronger support is under $200 level.
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower (market red and green). This price action forms a zone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower (market red and green). This price action forms a zone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.
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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.