If we zoom out to the daily and take a look at eth we find our self still above a legacy trend line that can be traced all the way back through the bear market with touches even back as far as the start of the last bull run. Who knows if any of that matters but its in play now for sure and we seem to be finding support above it. That combined with a bullish cross of the 10 and 21 MA gives me some hope that we may see another pump up to the top of this wedge before some serious downside action, or at the very least a bounce from this support.
Also not pictured here we have an inverse head and shoulders on smaller time frames, mainly 1hr and down. It seems crazy to me that with everything going on right now in the world of eth and the external world that this would be the end. I would be lying if I said I did not think its possible that it is but I do believe the rocket still has some gas left.
No pun intended ;).
Also not pictured here we have an inverse head and shoulders on smaller time frames, mainly 1hr and down. It seems crazy to me that with everything going on right now in the world of eth and the external world that this would be the end. I would be lying if I said I did not think its possible that it is but I do believe the rocket still has some gas left.
No pun intended ;).