Let’s start today by analyzing ETH and first things from last time we got a nice 8% boost which broke the last triangle formation and got the price to form another formation. We are now in the upper line of the triangle formation on the 4 hour chart and we are seeing some signals from the candlestick action that there is a high chance of a reversal point at the current price.
So here we see that the next area to hedge would be the pink line near $1280 after what we see heading towards the lower line of the triangle formation (lower blue line). What do you guys think?
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Swallow Team 🔱
Not giving an opinion:
We are not financial advisors. The content we share on this website is for educational purposes and is our personal opinion.