ETH appears to be pinned between the lower line of a rising wedge and its vwap taken from all time high. Moreover, the 20 period bollinger bands look more pinched than my bum when rushing home after eating too much P.F. Chang's. I think volatility will pick up with a very strong move soon. Either we blast up above that vwap over $1950 and stay in the wedge, or we see a high volume break below the wedge's lower line. Both fairly clear cut points if you want to add or trim. Holding while maintaining dca if we go up. Will sell a chunk in the bearish scenario with the intention of buying lower because if this is a legit wedge, there's a decent change it's a macro continuation pattern. I'm scared. Hold me.
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Wider view on the weekly:Kommentera
And here we are on the daily. Bands also very pinched here.Kommentera
Looks like we''re broken below the wedges lower line, however i'd like to see more volume.Kommentera
2W chart looks beautiful from a bearish perspective, again just waiting for the increase in volume and volatility will follow and be show as an increase in bollinger band width:
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