ETHUSD daily and 6h
Multiple patterns can be plotted on ETH's chart.
👉On the 1D we have an ascending channel and we find ourselves in the middle right now.
👉On the 6H we have a falling wedge.
The price is currently consolidating above the 200MA .
In order to continue we need to break above and close the $4600 level.
The dynamic of the price is of course influenced by macro fundamentals like the new variant and other geo political factors.
Very nice W shape on the hourly with no clear SR levels near the current price action.
Notable levels:
Upside:
- $4500
- $4800
- $5000
Downside:
- $4000
- $3600
- $3500
👉On the 1D we have an ascending channel and we find ourselves in the middle right now.
👉On the 6H we have a falling wedge.
The price is currently consolidating above the 200MA .
In order to continue we need to break above and close the $4600 level.
The dynamic of the price is of course influenced by macro fundamentals like the new variant and other geo political factors.
Very nice W shape on the hourly with no clear SR levels near the current price action.
Notable levels:
Upside:
- $4500
- $4800
- $5000
Downside:
- $4000
- $3600
- $3500
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