Ethereum accumulating nicely at the moment. Expecting to see some bounces and retracements in the coming weeks, and ultimately we can expect to see some sort of decision before mid-June.
Forming an ascending wedge at the moment (Green bottom showing strong support in the SHORT TERM, and Red horizontal at 2920 showing strong resistance).
White bottom line is the lower support line tracing back to beginning of 2021.
Movement is looking similar to what we saw on April 12th to April 19th.
Keep an eye on the RSI levels compared to previous price movements.
If Ethereum manages to break the upper resistance at approximately 2920 on the 4-hour, I will be very convinced that the bull trend will continue in the forseable future.
If not, you're on your own cuz I have no idea.
These are just my personal thoughts, so good luck.
Forming an ascending wedge at the moment (Green bottom showing strong support in the SHORT TERM, and Red horizontal at 2920 showing strong resistance).
White bottom line is the lower support line tracing back to beginning of 2021.
Movement is looking similar to what we saw on April 12th to April 19th.
Keep an eye on the RSI levels compared to previous price movements.
If Ethereum manages to break the upper resistance at approximately 2920 on the 4-hour, I will be very convinced that the bull trend will continue in the forseable future.
If not, you're on your own cuz I have no idea.
These are just my personal thoughts, so good luck.
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Following the plan so far....