Delling in ETH/USD For Last 2 Days Has a Familiar Shape

Outlined in bright green, the selling that has taken place in ETH/USD appears to be loosely organized into a descending wedge. This is a bullish shape that typically results in levels being achieved that are at least what they were prior to the start of the forming of the pattern. If this tendency holds true for this pattern, ETH/USD should soon start challenging the 210-212 level.

Chart and idea brought to you by 0x521b495fc2D065787F21c5a2d6560e8dD141a4f4

Kommentera:

I don't even know what DELLING is? Spellcheck must have gotten hold of it and twisted it beyond all recognition.

I thought I was typing TRADING...

Kommentera:

Ahhh... Selling was the intended word. ASDF... too close together for my piano fingers to maneuver through.

Trade stängt: målet nått:

211.00 is close enough to 212.00 to label this morning's call a success.

Now it would be good if bulls can keep it over 200.