Good Morning Fellow Traders As per my trading style, ETH has been struggling to climb back to the 1600 mark now trading between the ranges of 1540-1387 and seems to be forming a descending triangle on the 1 hourly chart, If ETH breaks below of the descending triangle could we be visiting 1242 in the immediate short term? guess we will have to wait and find...
As per my trading style, ETH seems to have broken out of an ascending wedge and has been trying to find support around the 1550-1650 range. Its unveiled the next possible trend now forming a temporary descending channel following the ABCDE Elliot Wave. This is just my opinion . Feel free to comment on your views following this idea as it really helps view what...