quantmaven

Ethereum: One Last Downtrend (part 2)

Short
BINANCE:ETHUSD   Ethereum
Ethereum is currently doing a symmetrical triangle for its intermediary wave 4 of that long downtrend that began in early July. The rally we are seeing today is just a bull trap that could reach as high as 1925 in the upcoming hours. Monday early in the morning we should have some bad news that would break that triangle and make Ethereum fall to the 1400-1500 level. This would mark the end of the downtrend and possibly the whole correction that began in April as well.
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.