ETH and its ATH VWAP (3D) for INDEX:ETHUSD by rlando — TradingView

Trend Analysis Chart Patterns

trendanalysis chartpattern

ETH is forming a similar pattern with it's VWAP taken from ATH as it did in 2018.

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Here's the 2018 Picture:

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If ETH is to follow the 2018 pattern again, it aligns with the potential formation of a rising wedge.

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This idea is invalidated if ETH holds the VWAP as support and continues significantly higher. Perhaps forming a parallel channel or breaking out of that hypothetical channel.

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