Ethereum
Long
Updated

Ethereum Falling Wedge Breakout into Diamond Pattern

426
Bullish Convergence is forming on ETH on the Daily Time Frame. On top of that you are nearing the apex of the Diamond Shape pattern after a falling wedge breakout. All near areas of presumable value. On top of the bullish signs I have spotted, you are also showing significantly lower amounts of selling volume compared to the last major impulse down. A breakout of this wedge can lead to amazing gains. It seems impossible now, but common retraces from the very swing top are depicted on my chart inside the pink box. Those are presumable areas where price action may reverse if we ever got to those areas ;)

Twitter: twitter.com/ChArtworks_TA

If you want to be a loving supporter of me and my "ChArtworks"
BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z
LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn
ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9
X42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc

Donations are never required but they are greatly appreciated! Your Supportive comments and follows are just good enough too :D <3

Join the best Crypto and Technical Analysis Community in the world!
Discord: discord.gg/Ety65Ft
(Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
Order cancelled
Not a discernible swing low to determine a plotting point. So invalid pattern for now
Note
Totally fucked this up guys. This was a shitty trade set up. I did this in the log scale, this was meant for the linear. Look at my wedge lmao. I posted this in the wrong scale! SIGHHH.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.