Eth can makes cup and handle chart in 1h as well as 45min... But this is valid when it gives breakout above 1657... And etg will face next resistance 1672.. If it cross both then it can be bullish...
Eth is currently under a heavy sell pressure and getting resistance from fib speed fan and also 0.5 fib level.
On 4 hrs the volume is also decreasing.
Expect a retrace back to the previous high
ETH has broken out of the major resistance and now the wait is on for re-test. We also have a cup & handle forming on the 4H TFs which can make a low of 1165$ and then a relief bounce and also the target as per Cup & Handle Pattern.
Also until then , the Stoch RSI will make it's way moving upwards again.
#NFA #DYOR
ETH has given an uprun now will consolidate for a while round 1856 and then can go down to around 1824 and then a uprun can be seen to till 1940 or up.
ETH moving in a wedge pattern. It may break out and move up. We should wait for market to come out of this pattern. We have Major support around 2524. Resistance around 3383
#ETH moved as said, price corrected in short-term as triangle pattern below below. Price took a bounce from the major support level of $3248 and now trying to break through the strong resistance zone. 4H TF candles are closed above but from strong bullish sentiment, we need to see a daily candle closing above.
