ETHUSD looking to break out of Descending Wedge.

2019년 10월 15일

ETH found support on our pink dotted trendline which seems to be pushing the price towards our main downtrend resistance line (top blue dotted trendline). We are near the end of our consolidation, will we breakout to the upside or fall back down within our descending wedge?

EMA's'(yellow/purple) looking for a bullish crossover on the Daily.

I have supports highlighted in green rectangles and resistance highlighted in red rectangles.

If we do break out of our descending wedge, I would like to see ETH break the 200 SMA (red) resistance to get me better assurance for a trend change.

2019년 10월 16일

노트

2019년 10월 25일

노트

After some downside action towards our support area, we got a bounce from our Support. We broke out of our wedge, but will we hold? or go to test 200$