The idea is to trade the break of falling wedge in ETH/USD pair. For additional confirmation, a 1h time filter can be applied alongside with the break and close above 20 & 50 day EMA's.
SL below the recent low and TP based on the Minimum Price Objective.
For the pattern to be valid, the break should occur in the next 6-7 hours. Should be a nice and quick trade. Good luck to all :)
Support my analysis by giving LIKES and FOLLOWS. It helps the channel grow and motivates me to post free content.
SL below the recent low and TP based on the Minimum Price Objective.
For the pattern to be valid, the break should occur in the next 6-7 hours. Should be a nice and quick trade. Good luck to all :)
Support my analysis by giving LIKES and FOLLOWS. It helps the channel grow and motivates me to post free content.
Commentaire:
We got a break of the wedge and the price is currently testing the 20d EMA. I am still waiting for a break and close above it to further confirm the bullish bias.
Commentaire:
Break of the downtrend line on the RSI could be another confirmation!
Commentaire:
Still waiting for the 1h candle close above the EMA. Be patient and you will be rewarded.
Ordre annulé
Commentaire:
Thats a perfect example of the power of time filters. No trade has been opened as we did not get a close above the 20d EMA.
