Get started
EtherCharts

Small descending wedge... that wasn't - now something else?

Long
Ethereum (BITFINEX:ETHUSD)  
EtherCharts  
BITFINEX:ETHUSD   Ethereum
Trend Analysis Chart Patterns Ethereum (Cryptocurrency) ETH ETHUSD
2
0
trendanalysis chartpattern ethereum eth ethusd
Last night there was what appeared to be a very well formed descending wedge in the ETH/USD chart. This morning, that idea had evaporated and we are now left with what appears to be a descending parallel channel. As long as we break out and OVER this channel before trading down to the last short term bottom at just over 200, the bulls will still be in control.

See the new channel defined in green in the chart.

0x521b495fc2D065787F21c5a2d6560e8dD141a4f4 brought you this chart.
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.