Hello traders .
todays we wanna to talking about ETH in the all time frames ; so let's start with the daily :
in the daily you can see price rejected from the weekly resistance and start to retracement into the previous support at 0.236 fib.
but for more details we needs to looks at smaller time frames. so let's watch 4H :
we can clearly see in the 4H we have rising wedge in the weekly resistance which is very bearish sign for the ETH ; and have bearish divergence in the RSI. the technical target of the rising wedge is bottom of the wedge , which is a alignment with the 0.236 fib and also the daily support.
let's talking about 1H for finding some tradable setup :
in the 1H we can see price breaks down from the rising wedge and I personally think its very possible to comes up for retesting the line , maybe at 0.5 or 0.618 which is a alignment with 21 ema.
I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas
todays we wanna to talking about ETH in the all time frames ; so let's start with the daily :
in the daily you can see price rejected from the weekly resistance and start to retracement into the previous support at 0.236 fib.
but for more details we needs to looks at smaller time frames. so let's watch 4H :
we can clearly see in the 4H we have rising wedge in the weekly resistance which is very bearish sign for the ETH ; and have bearish divergence in the RSI. the technical target of the rising wedge is bottom of the wedge , which is a alignment with the 0.236 fib and also the daily support.
let's talking about 1H for finding some tradable setup :
in the 1H we can see price breaks down from the rising wedge and I personally think its very possible to comes up for retesting the line , maybe at 0.5 or 0.618 which is a alignment with 21 ema.
I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas