Thierry88

ETHUSD: Be careful with your Ethereum Babys - Rising wedge in

BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Hey guys

Just a quick update on Ethereum .

BTC hit new 2019 highs and a reaction is going to come. Is the new higher low 5200, 5500, I don't know. Maybe a new lower low? No idea at the moment.

What I know is, that ETH hit the top of a rising wedge and I see that one fall heavily if it takes that road. With BTC probably topping and reversing, this probably triggers ETH rising wedge , which causes is to fall heavily.
Furthermore we are at horizontal resistance, so be careful.

If you want to buy ETH, wait for a breakout out of the rising wedge and pay a premium, but certainly don't buy the top of the wedge now.

Best regards and take care!
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