Looking at the inverted chart for ETHUSD we can see a structure forming at the top of the channel
This structure will likely be rejected (indicated by red line) and price will push further deeper into the channel.
I'm using BTC's 2017 bull run template for the bars pattern as I think the recovery will be parabolic.
This structure will likely be rejected (indicated by red line) and price will push further deeper into the channel.
I'm using BTC's 2017 bull run template for the bars pattern as I think the recovery will be parabolic.
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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.