ETH rallied hard after the long weekend

2022년 7월 7일

After consolidating over the long weekend ETH broke out and rallied hard, forming an ascending wedge on the hourly weakening the 0.618 fib to push through.
It's my belief pressure is now exhausting at 78.6% retracement.

Full disclosure, this is more 'looking for a trade' than anything, so I'll be eyeing volume closely.

This position is wagered alongside NASDAQ coming up against resistance at a strong downward trend line.
Refer to EW count in the chart below:

2022년 7월 7일

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As per last time NAS bounced off the trend line, ETH pivoted.
(Times don't exactly match due to weekend trading)

2022년 7월 7일

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One more.

2022년 7월 7일

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Lastly, we have hidden divergence on the RSI.