Might be the Same Pattern
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ETHUSD pair recent development running in the range between 8 days and 30 days MA.
Daily chart small step drop in recent week, trading volume decreased and small.(price drop + volume drop)
Pattern developed:
Maybe it will be repeated a 2-ladder Falling wedge pattern.
A higher high, and lower high developed after first 2-ladder falling wedge.
Said: left hand side first purple channel Chart. Key support is around 1825-1840.(The lower lime line)
The 2nd Purple channel might be the key resistance of the second 2-ladder falling wedge.
Key support is around 1873-1880. (The upper lime line)
Personal record only, not a financial advise.
Daily chart small step drop in recent week, trading volume decreased and small.(price drop + volume drop)
Pattern developed:
Maybe it will be repeated a 2-ladder Falling wedge pattern.
A higher high, and lower high developed after first 2-ladder falling wedge.
Said: left hand side first purple channel Chart. Key support is around 1825-1840.(The lower lime line)
The 2nd Purple channel might be the key resistance of the second 2-ladder falling wedge.
Key support is around 1873-1880. (The upper lime line)
Personal record only, not a financial advise.
Nota
Continue Rejection by the pressure line(14 hours MA)
Nota
Kill down to buy.
Maybe will kill down again, it is back to original Range Structure.
Red Zone is a very strong resistance.
Blue Zone is a very strong support.
Professional Buyers might try to kill down again to test Small green box zone, even if drop to test 1760 to 1800(Blue zone). Maybe it might be a very good Long area.
We are ready to buy.
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