Graph shows the Major support/resistance for Eth. The currency is currently range bound, however approaching a wedge on it's current trend. Breakthrough direction of the current wedge will indicate which side of the Range will be tested. I do not see the range being broken until volume breaks through the Vol 30. A breakthrough will see significant movement over ...
I love this setup!
We have lower highs over a good time period, and a strong support. So... what will happen? I guess, as the support and the resistance had been tested multiple times already, there is a guaranteed breakout.
And since we are in a uptrend, I believe it will rocket away. Sky is the limit. So what about NASA?
I will enter a long position, as soon ...
Long or short?
Resistance has been tested several times, SMA 200 is a long signal, that speaks for a long breakout.
On the other hand however, resistance has been tested several times. And held. And held. And held. It could also be a bounce off that resistance.
Time will tell.
What are you suggesting? Let me know in the comments