"Top and Bottom Analysis" ETH/USD by ThinkingAnts

Last week we have posted this chart before correcting. You can check it on related ideas.

4H CHART EXPLANATION:

As we can observe, price broke the Daily descending trendline, the Wedge Pattern and the Resistance Zone with a strong upside movement. Now it is facing the Resistance Zone at 250 and making a corrective structure to continue the bullish movment. We will take long positions if price breaks the triangle upside.

Updates comming soon!


MULTITIMEFRAME ANALYSIS:

Weekly:


Daily: