Falling wedge and positive divergence Long

Ethereum / BitcoinPoloniex

Description

⋅ Aug 19, 2016 10:28 PM

Falling wedges are bullish 70% of the time and usually get retraced 100%. There are also positive divergences on MACD and RSI. I expect ETH to go up from here with a target of 0.021.

Comments

speedmax

⋅ Aug 25, 2016 10:40 AM

Great trade, it reacted slowly with all the alt-coin pump happening.

Look forward to see more ETH analysis

alexEnShort

⋅ Aug 20, 2016 9:37 PM

Thanks for this!