ertetris

ETH forming a wedge, expecting a bullish bounce

ertetris Updated   
KRAKEN:ETHUSD   Ethereum
If ETH price doesn't break the current wedge structure, it should find support at 720 and bounce upward to 750 resistance.

If it breaks the structure, then it will be going into the 700 resistance.

My assumption is that ETH won't break support, thus it would most probably head upward to next resistance level.
Trade closed: stop reached:
ETH broke structure, closing trade
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.