ETH in down channel
ETH seems to be in a down channel, and is looking for further downside continuation after breaking the rising wedge while rejecting the 4h 20 EMA. A daily close below 1900 would confirm the move imo.
However, be cautious as price is now on support and could potentially have a fake out move to the upper supply line similar to what happened on 6 June.
I'm not shorting either ETH or BTC, but are happily DCA if price respecting the lower demand line (while making a falling wedge would be nice).
However, be cautious as price is now on support and could potentially have a fake out move to the upper supply line similar to what happened on 6 June.
I'm not shorting either ETH or BTC, but are happily DCA if price respecting the lower demand line (while making a falling wedge would be nice).
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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.