ETH Rising wedge (OPTIMAL LONG ENTRY)

Ether / Tether (COINBASE:ETHUSDT)

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COINBASE:ETHUSDT Ether / Tether

trendanalysis chartpattern wedgepattern eth pumpanddump long shortsetup breakout moonshot binance kucoin

Rising wedge indicates a break down of eth price trend after local pump to 2850 range. Will likely follow with a massive pump upon hitting the buy zone,

Commentaire:

Also, if you look at the range from Jan. 26th to present on the 4hr chart, you will see an ascending broadening wedge pattern, indicating a potential break to the downside to occur. These two in combination may indicate that the break down may occur SOONER (next 24hrs-36hrs) rather than later as depicted by the wedge. If the candles retest the bottom support line of the broadening wedge 3 times on this current broadening wedge, expect a down turn to the optimal buyzone area. From here, expect a moon shot to $3000+ initially.

Commentaire:

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