rising wedge in bear market generally means the outcome will be bearish. history of this ratio done the same thing over and over again. i don't think eth can brake up from this wedge. tp is something like 0.025. stop loss is 0.045
@4budab1, i think we will touch the bottom once again, just remember, trend changes are not generally instant. we are in a bear market for this pair. but i am out of this trade.
BillMeyer
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If Eth does not start breaking out, maybe because the ICO's keep on dumping big volumes of Eth, then I can so no reason to be in Eth at all. Just get BTC and when the total dumping of Eth is done one can look at it - maybe.
Eth has been following the same pattern over and over. Bullish signals, start going up, trade sideways, drop down against BTC. I can't see much reason for holding Eth anymore. It just does not seem to be able to break out even with all the stars aligned.
ahmetcantasci
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@BillMeyer, i agree. and congested chain is no help either.