Hello traders !
As you can see,price is consolidating in a Rising Wedge pattern and is retesting its weekly resistance level. I expect price to fall to its support trendline. From D1 TF you can see RSI divergence. Here I expect two scenarios.
1) Price will bounce and ETHUSD will rise again.
2) Price will break through and will continue falling.
I prefer the second scenario because it also fits with my weekly analysis (Link Below).
Thank you for reading !
As you can see,price is consolidating in a Rising Wedge pattern and is retesting its weekly resistance level. I expect price to fall to its support trendline. From D1 TF you can see RSI divergence. Here I expect two scenarios.
1) Price will bounce and ETHUSD will rise again.
2) Price will break through and will continue falling.
I prefer the second scenario because it also fits with my weekly analysis (Link Below).
Thank you for reading !
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Publications connexes
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.