ETHUSD daily and 6h

٧ ديسمبر ٢٠٢١

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