Support, Resistance, or Double Bottom at ~1k
Ethereum has formed a wedge on the daily.
A break below the wedge has two possibilities:
1.) 1x measured move down that tests a daily support level that begins around 670 usd
2.) A double bottom at the halfway point near 1k that either succeeds and moves to bull options below, or fails and moves down to support at option 1.
A break above the wedge similarly has two options:
1.) 1x measured move into the center of daily resistance, not quite reaching ATH
2.) A move into weekly resistance at the halfway point that either succeeds and moves to option 1 or fails and moves to one of the bear options.
A break below the wedge has two possibilities:
1.) 1x measured move down that tests a daily support level that begins around 670 usd
2.) A double bottom at the halfway point near 1k that either succeeds and moves to bull options below, or fails and moves down to support at option 1.
A break above the wedge similarly has two options:
1.) 1x measured move into the center of daily resistance, not quite reaching ATH
2.) A move into weekly resistance at the halfway point that either succeeds and moves to option 1 or fails and moves to one of the bear options.
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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.