ETH - BEARISH PATTERN WITH BULL INDICATORS - CryptoManiac101
Updated
ETH / USD TA
Here we are looking at an overall bear pattern which in bear market has over 72% of validating. Weekly chart for ETH does look much more bullish however until we actually see solid breakout from one of the ends of this pattern, we won't really know for sure. Currently there is a lower risk exposure to going SHORT vs LONG however you can always hedge your positions on lower times frame.
Here we are looking at an overall bear pattern which in bear market has over 72% of validating. Weekly chart for ETH does look much more bullish however until we actually see solid breakout from one of the ends of this pattern, we won't really know for sure. Currently there is a lower risk exposure to going SHORT vs LONG however you can always hedge your positions on lower times frame.
Note
Wait until this thing breakout - there's no stopping it
Related publications
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.