$ETH Price Prediction 04/15/2022
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Price held in at 3k however the daily candle still closed below long-term trendline.
We can see that the subsequent H4 candle attempted to breakout but due to D1 close this was less likely to occur.
We can also see another attempt from candle 12:00 which hit a high at the current short-term resistance (solid yellow) before another rejection.
If you’re planning to buy here I would hold out until there’s another visible breakout attempt at the magenta line, now indicating resistance for a descending triangle pattern.
This type of pattern could go either way so best not to jump to conclusions unless you have the liquidity.
