Ethereum has formed a wedge on the daily.
A break below the wedge has two possibilities:
1.) 1x measured move down that tests a daily support level that begins around 670 usd
2.) A double bottom at the halfway point near 1k that either succeeds and moves to bull options below, or fails and moves down to support at option 1.
A break above the wedge similarly has two options:
1.) 1x measured move into the center of daily resistance, not quite reaching ATH
2.) A move into weekly resistance at the halfway point that either succeeds and moves to option 1 or fails and moves to one of the bear options.
A break below the wedge has two possibilities:
1.) 1x measured move down that tests a daily support level that begins around 670 usd
2.) A double bottom at the halfway point near 1k that either succeeds and moves to bull options below, or fails and moves down to support at option 1.
A break above the wedge similarly has two options:
1.) 1x measured move into the center of daily resistance, not quite reaching ATH
2.) A move into weekly resistance at the halfway point that either succeeds and moves to option 1 or fails and moves to one of the bear options.
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.