ETH bottom of upward channel
I have been watching so many other charts, I forgot about ETH. What is interesting is that it looks like ETH hit the bottom of the upward channel (white lines) that it has been in for quite some time.
It should be noted that ETH did break out of a wedge (green lines) and is now retracing from the downfall out of the wedge, so it very likely is easily possible that it will continue downward after a retracement upward. But I do find it interesting looking at this chart and seeing that it hit right on the wedge that I drew a month ago, so there is also the possibility that this is the bottom of that wedge.
Either way, it should be interesting to see which direction it heads over the next few days.
It should be noted that ETH did break out of a wedge (green lines) and is now retracing from the downfall out of the wedge, so it very likely is easily possible that it will continue downward after a retracement upward. But I do find it interesting looking at this chart and seeing that it hit right on the wedge that I drew a month ago, so there is also the possibility that this is the bottom of that wedge.
Either way, it should be interesting to see which direction it heads over the next few days.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.