ETH_USDT : moving into wedge , breakout cause a bounce
Updated
ETHUSDTHello everyone 😃
ETH formed a Wedge just like BTC and it's trying to break it.
MACD had a bullish crossover and Stochastic RSI is bullish now, Also EMA 200 is supporting movement very well.
On last candle we had a break on EMA 100 and current candle is holding above it.
There is 2 scenario for Bulls :
1️⃣ take long after confirmation for breakout on Wedge's top ( you can enter on a retest above top )
2️⃣ take long after confirmation for pullback on Wedge's bottom ( you can enter on a retest above bottom )
🔴 Don't forget to set SL on this high volatility market !
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
Trade closed: stop reached
It just touched our SL
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