Ethereum Falling Wedge Breakout into Diamond Pattern

Bullish Convergence is forming on ETH on the Daily Time Frame. On top of that you are nearing the apex of the Diamond Shape pattern after a falling wedge breakout. All near areas of presumable value. On top of the bullish signs I have spotted, you are also showing significantly lower amounts of selling volume compared to the last major impulse down. A breakout of this wedge can lead to amazing gains. It seems impossible now, but common retraces from the very swing top are depicted on my chart inside the pink box. Those are presumable areas where price action may reverse if we ever got to those areas ;)

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Ordre annulé:

Not a discernible swing low to determine a plotting point. So invalid pattern for now

Commentaire:

Totally fucked this up guys. This was a shitty trade set up. I did this in the log scale, this was meant for the linear. Look at my wedge lmao. I posted this in the wrong scale! SIGHHH.