ETHUSD - Rising wedge

23 เม.ย. 2020

We can see that after a downfall we have a prolonged rising wedge with bearish divergence. In addition to that, we have a historical resistance at $195-200 so this gives bigger chance of reversal. On the bullish hand, if ETH breaks $200 and confirms it as support, this chart will be invalid and bullish momentum will be preserved. Follow closely BTCUSD movement also, as it is heavily correlated.