Good day all,
It seems that on the larger picture ETH is within a larger rising channel. It has however fallen back into a narrower rising channel forming a rising wedge at its top. The 9 MA has crossed the 21 MA with a strong upwards direction with the 200MA currently supporting the rising channel and wedge. Volume has decreased slightly and continuance of this trend might lead to a retest of the support structures within the rising channel and the larger channel bottom. In my view ETH will have to fill the rising wedge before a breakout might occur. The RSI shows a clear bearish divergence which compared to the Heiken Ashi trend we see a slight change in market sentiment. This might change in the short term to re-test the upper neck line. However if the volume and sentiment shows any further weakness I expect a test of the lower structures leading into the rising wedge. NFA
Have a great day.
It seems that on the larger picture ETH is within a larger rising channel. It has however fallen back into a narrower rising channel forming a rising wedge at its top. The 9 MA has crossed the 21 MA with a strong upwards direction with the 200MA currently supporting the rising channel and wedge. Volume has decreased slightly and continuance of this trend might lead to a retest of the support structures within the rising channel and the larger channel bottom. In my view ETH will have to fill the rising wedge before a breakout might occur. The RSI shows a clear bearish divergence which compared to the Heiken Ashi trend we see a slight change in market sentiment. This might change in the short term to re-test the upper neck line. However if the volume and sentiment shows any further weakness I expect a test of the lower structures leading into the rising wedge. NFA
Have a great day.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.