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Alteroc
Jun 19, 2018 3:51 PM

ETH - Rising wedge would confirm $450 as a reversal point Short

KRAKEN:ETHUSD240
Ethereum / U. S. DollarKraken

Description

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All in the chart :)


All the Best from the Crypto space

Alteroc

Comment

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H&S on the 1h TF

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Comment

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We we break downward of his ascending triangle it will confirm the short setup.
Stop loss above the resistance in purple.

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Ascending triangle / rising wedge broke downward as expected.

If you liked the idea, please hit the like button and follow :)


All the best from the Crypto Space
Alteroc

Comment

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Trend AnalysisChart PatternsETHETHUSDETHUSDTfibFibonacci RetracementWedgefalling
Comments
sykes
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You do very good charts. The only thing is it looks like you have some kind of shade over the screen. Apart from that they are all excellent.
Alteroc
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@sykes, That's my background color to do hurt my eyes when spending all day on the computer :)
withoutwings
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Cheers for the heads-up!

Ideally I would want to see another support touch then a final resistance touch to make this wedge rock-solid.
Alteroc
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@withoutwings, Yeah it's hard to define support for ETH right now. Even tho the $420 looks strong.
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