ETH 3hr outlook: Falling wedge breakout in play
Hello tribe.
ETH looking bullish since it has broken out from the falling wedge pattern to the upside. Since everything follows what BTC does, there is a real possibility ETH will follow up.
According to the breakout and the macro Fibonacci levels, the technical target of the falling wedge pattern is 3700 to the upside, and 1300 to the downside.
We have strong supports at 2500 and 2100 ranges, and strong resistance at 3800. The weekend is crucial for the outcome.
Let's see how things will playout.
NFI/DYOR.
Trade responsibly.
ETH looking bullish since it has broken out from the falling wedge pattern to the upside. Since everything follows what BTC does, there is a real possibility ETH will follow up.
According to the breakout and the macro Fibonacci levels, the technical target of the falling wedge pattern is 3700 to the upside, and 1300 to the downside.
We have strong supports at 2500 and 2100 ranges, and strong resistance at 3800. The weekend is crucial for the outcome.
Let's see how things will playout.
NFI/DYOR.
Trade responsibly.
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