Aps3

ETHUSD recovery pattern

COINBASE:ETHUSD   Ethereum
So, overlaid against the price action is the recovery pattern from 20 July 21. In July, however, price reentered this regression channel in a single day. Our 12H and 1D candles are bullish and strong, but price is not moving as fast in recovery as it did in July. Price is now at the resistance line for the regression channel, and if it reenters I'd be confident in recovery.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.