Tomare91

2 scenarios for the future of ETH

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
ETH is currently in a bearish rising wedge
Scenario 1:
We could witness a bullish volume towards the 2122 resistance, then if the bulls don´t work together it could bounce back and fall back to previous support.
Scenario 2:
Both RSI and STOCH RSI have still room for an oversold environment that could break the support and plummet to historical lows.
All depends on the volume guys, said that i am bearish until the BTC halving.
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.