ETHUSD daily and 6h
Multiple patterns can be plotted on ETH's chart.
👉On the 1D we have an ascending channel and we find ourselves in the middle right now.
👉On the 6H we have a falling wedge.
The price is currently consolidating above the 200MA .
In order to continue we need to break above and close the $4600 level.
The dynamic of the price is of course influenced by macro fundamentals like the new variant and other geo political factors.
Very nice W shape on the hourly with no clear SR levels near the current price action.
Notable levels:
Upside:
- $4500
- $4800
- $5000
Downside:
- $4000
- $3600
- $3500
👉On the 1D we have an ascending channel and we find ourselves in the middle right now.
👉On the 6H we have a falling wedge.
The price is currently consolidating above the 200MA .
In order to continue we need to break above and close the $4600 level.
The dynamic of the price is of course influenced by macro fundamentals like the new variant and other geo political factors.
Very nice W shape on the hourly with no clear SR levels near the current price action.
Notable levels:
Upside:
- $4500
- $4800
- $5000
Downside:
- $4000
- $3600
- $3500
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our free telegram community here: t.me/sublimetraders
Our website: sublimetraders.com/
Proudly listed on binance-futures-signals.com/
GET Lorentzian ML access - bit.ly/Lorentzian
Our website: sublimetraders.com/
Proudly listed on binance-futures-signals.com/
GET Lorentzian ML access - bit.ly/Lorentzian
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.