Hello traders!
As you know, I've been very bearish on #ETHEREUM for the past few weeks (and still am).
There hasn't been any strong commitment from the bulls yet, as I can't find any bullish signs.
However, I can totally see that a huge falling wedge is forming, which could mean that ETHEREUM could be trading above $300 soon!
Signs that will confirm a bullish movement:
1. Lows are not broken
2. A breakout to the pattern
3. Higher highs are formed
Keep in mind prices can trade within the falling wedge pattern for the next few weeks. This mean we could see $100, $80 etc. soon.
- I'll keep this idea updated.
Happy trading!
As you know, I've been very bearish on #ETHEREUM for the past few weeks (and still am).
There hasn't been any strong commitment from the bulls yet, as I can't find any bullish signs.
However, I can totally see that a huge falling wedge is forming, which could mean that ETHEREUM could be trading above $300 soon!
Signs that will confirm a bullish movement:
1. Lows are not broken
2. A breakout to the pattern
3. Higher highs are formed
Keep in mind prices can trade within the falling wedge pattern for the next few weeks. This mean we could see $100, $80 etc. soon.
- I'll keep this idea updated.
Happy trading!
Trade active
The first sign for a bullish movement has happened- A breakout to the pattern!
Lets see if #ETHEREUM could make a new high and breakout $225 level.
Note
20% MOVE! - Higher highs has formed! Bulls seems to be in control..Note
28%!!!! Congrats to the bulls :)!Note
I never expected for it to move that fast, we might see $310 soon!Note
I'm looking for ETH to do something like this s3.amazonaws.com/tradingview/snapshots/j/JfwsNLbF.png
Note
We are still waiting for ETH to form a higher low.Note
Seems like $185 is the higher support ETH is trying to makeTrade active
Its currently forming a 3 wave correction structure s3.amazonaws.com/tradingview/snapshots/h/h0lLoSwK.png
Trade closed: target reached
Target reached! ETH trading above $300 :)!
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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.