Hello, community members welcome you all to another chart update.
As we can observe from the above-mentioned chart that ETH was trading inside the falling wedge pattern and broke outside, currently it's trading on a green support zone, or else we can also say a retesting zone.
Here ETH was unable to sustain the green support zone and moved downside again but still above the upper trend line.
MACD also printed a bullish crossover.
If ETH bounces from the current price level the $2k level is the major local resistance for now which ETH must break upside to climb and touch
$2.2k soon. As result, ALT coins will also be able to gain % by moving upward.
Candle close below the lower trend line support will be the invalidation point for this chart update.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
As we can observe from the above-mentioned chart that ETH was trading inside the falling wedge pattern and broke outside, currently it's trading on a green support zone, or else we can also say a retesting zone.
Here ETH was unable to sustain the green support zone and moved downside again but still above the upper trend line.
MACD also printed a bullish crossover.
If ETH bounces from the current price level the $2k level is the major local resistance for now which ETH must break upside to climb and touch
$2.2k soon. As result, ALT coins will also be able to gain % by moving upward.
Candle close below the lower trend line support will be the invalidation point for this chart update.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
