melikatrader94

ETH → Am I only one who see it bearish?

melikatrader94 已更新   
BINANCE:ETHUSDT   Ethereum / TetherUS
hello guys...

as you can see the orange area worked like a resistance area and the price couldn't break it yet!

on the other hand, the internal trendline is so close to the price!

also, you can see the price moving below the descending channel!

all of these are bearish reasons! why is the price compressed here?! due to the bottom line of the ascending channel I suppose!

you can consider it bearish until the price breaks the internal trendline!
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the internal trendline broke up!
follow the wedge pattern and get the position aligned with the line break!

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