Rising Wedge indicating a possible reversal on the 4H
The ETH 4H is forming a rising wedge with bearish volume divergence which is confirmed by a bearish TK cross. In order for this rising wedge pattern to remain valid price should remain under the 50% Fib retracement. At the time of writing, the price is sitting bang on the 50% level.
One must also bear in mind that the
BTC chart is in a somewhat more bullish setup, which may impact the way 
ETH plays out due to the strong correlation between the two.
One must also bear in mind that the
BTC chart is in a somewhat more bullish setup, which may impact the way ETH plays out due to the strong correlation between the two.Trade fermée: cible de profit atteinte
Interim target reached. Will keep an eye on the price action to see if it'll take another leg down to the $264 region.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.