Ethereum Bullish Harmonic Pattern + Bollinger Bands

1 ก.ค. 2022

We can see the lower band being hit on the 4H timerame for ETHUSD, followed quickly by an upsurge in prices.

We also have a bullish harmonic pattern and we see Ethereum together with Bitcoin and Cardano rising.

The 18-June low is our main support ($883).
If ETHUSD moves below this level our bullish bias is lost.

Trading within the ascending channel plotted on the chart, translate into green.

We will look at this again deeper into the weekend on the higher timeframes...

Let's see if this develops into a real bullish move or just a fake one.

Namaste.