If we drop outside the green area we are likely to enter a downtrend. Lookin for a bounce at the black dotted line. The red lines contracting the price action, meaning we will fall out from it and make a big downwave. We can confirm this if we fall into the red side of the flag.
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Also possible we could bounce from 420 if the price pulls back :)
Still long, ETH has more to give ! Looking to add in the low 400 range.
Still long, ETH has more to give ! Looking to add in the low 400 range.
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Obviously the flag broke to the upside, I'm wondering if we will see a spike out of the wedge... It's also possible,, ETH showing strength.
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Looks toppy here, expecting the pullback to start now
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ETH Still shredding !
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The wedge has space to go to 550 before we will see where it decides to go
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We will probably we will be creating a falling wedge pattern from this and resume the uptrend
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Picture above is 1H timeframe, the original chart is 4H
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One last wave up Before down? Looks like a ascending traingle formed inside the wedge
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We are pushing for new highs. Support is not budging :)
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We have identified the next moveand it's gonna be UP.
Target around 560.
Target around 560.
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Just wanna put out a disclaimer here:
Rising wedge is in itself a bearish pattern, so i still expect a drop!
I can't stress this enough. Because if you're trying to milk every drop out of this run then you're in danger.
The ascending triangle pattern i spotted, is inside the dominant pattern - and still a part of the wedge, so you can only make a half assed guess if it's gonna play out.
The reason I see more upside is because we have 3 solid rejections at low 500.
But we are still struggling to push (struggling to push the price up to the very last bit of this pattern). - We're getting closer to climax.
I see 560 as the pivot and the end of this run if it does not end sooner.
I have set buys around 350-400 range.
Rising wedge is in itself a bearish pattern, so i still expect a drop!
I can't stress this enough. Because if you're trying to milk every drop out of this run then you're in danger.
The ascending triangle pattern i spotted, is inside the dominant pattern - and still a part of the wedge, so you can only make a half assed guess if it's gonna play out.
The reason I see more upside is because we have 3 solid rejections at low 500.
But we are still struggling to push (struggling to push the price up to the very last bit of this pattern). - We're getting closer to climax.
I see 560 as the pivot and the end of this run if it does not end sooner.
I have set buys around 350-400 range.
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15 min looks more clear
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Smaller HS already formed
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So looks like price will drop to 500 area, make a push to 520~ then dive.
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Waiting to see whats gonna happen on the larger timeframe, looks like the market is stalling the direction
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So 560 happened, looks like bear traps was set for this one :) now things will get very interesting....
Trade closed: target reached