LIVEMalik Israr Ahmad
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#Ethereum Dump Explanation on 4H::
On larger picture #ETH was moving in Boundaries of Rising Broadening wedge,nicely.
Price made a high $4090 (Approx) on 11th March 2024.
Before hitting above ($4090) high price already made a rejection from upper Line of Wedge by hitting $3900,Which was a clear hint of local top.
After some consolidation near upper Line of Wedge,price made decent fall to $3412 and did break lower line support on Hourly.
Now #ETH is trading below Wedge structure (Little bearish).
#ETH need to close inside the Boundaries of Wedge structure,to remain bullish in short term.
Conclusion:
I m not bearish on mid term and long term,but in short term.
#NFA
#DYOR
On larger picture #ETH was moving in Boundaries of Rising Broadening wedge,nicely.
Price made a high $4090 (Approx) on 11th March 2024.
Before hitting above ($4090) high price already made a rejection from upper Line of Wedge by hitting $3900,Which was a clear hint of local top.
After some consolidation near upper Line of Wedge,price made decent fall to $3412 and did break lower line support on Hourly.
Now #ETH is trading below Wedge structure (Little bearish).
#ETH need to close inside the Boundaries of Wedge structure,to remain bullish in short term.
Conclusion:
I m not bearish on mid term and long term,but in short term.
#NFA
#DYOR
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