ETH has been rejected at its ascending wedge resistance.
We need to wait for confirmation to enter a trade here.
ETH/USD has been super bullish the past few weeks and I see great potential in the near future.
if ETH continues to struggle at wedge resistance, we can expect to see price trend down.
$1500 & $1430 mark strong support areas. We can potentially see heavy buying activity around those areas.
If we fail to hold these support levels we will possibly test $1350 area.
RSI is also over bought.
Break out of this wedge would indicate huge potential for ETH.
We need to wait for confirmation to enter a trade here.
ETH/USD has been super bullish the past few weeks and I see great potential in the near future.
if ETH continues to struggle at wedge resistance, we can expect to see price trend down.
$1500 & $1430 mark strong support areas. We can potentially see heavy buying activity around those areas.
If we fail to hold these support levels we will possibly test $1350 area.
RSI is also over bought.
Break out of this wedge would indicate huge potential for ETH.
Comment:
Previous ETH setup:
