Hi guys,
Just like the other leading cryptocurrencies, ETH is looking strong. We are in a very sensitive zone though - yesterday we hit $195, which coincided with the upper-end of the fallen wedge coming all the way down from February on daily. Are we already at point break? Or we will see another rejection there and a fall towards $170 or even $150 ?
We are about to find out, but te current uptrend is stable. We successfully climbed above the 100-day EMA, which will hopefully serve as a support while we charge for an attack fo the zone around $190.
Bull flag on 1-h chart possibly in the making
Cheers,
Just like the other leading cryptocurrencies, ETH is looking strong. We are in a very sensitive zone though - yesterday we hit $195, which coincided with the upper-end of the fallen wedge coming all the way down from February on daily. Are we already at point break? Or we will see another rejection there and a fall towards $170 or even $150 ?
We are about to find out, but te current uptrend is stable. We successfully climbed above the 100-day EMA, which will hopefully serve as a support while we charge for an attack fo the zone around $190.
Bull flag on 1-h chart possibly in the making
Cheers,
