ETHUSD broke the descending triangle from the 4H perspective, but still on the daily chart is not so convincing.
However, a rising channel can help define short-term entries.
The channel already tested a High at $232 from the resistance zone and reversed.
The next reversal could occur from a short term resistance level or from the rising channel.
RSI confirms the pattern, and Stochastics parameters are back-tested short term .
The entry levels are shown on the graphic
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
However, a rising channel can help define short-term entries.
The channel already tested a High at $232 from the resistance zone and reversed.
The next reversal could occur from a short term resistance level or from the rising channel.
RSI confirms the pattern, and Stochastics parameters are back-tested short term .
The entry levels are shown on the graphic
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading