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luissjp
Feb 2, 2021 5:10 PM

ETH test of support and newer highs or rising wedge 

Ethereum / U.S. dollarBitstamp

Description

I do see alot fo selling order around 1500. most normal thing will be retest of the support and go higher, but a raising wedge is an option

Comment

this is the outcome if bears manage to do a raising, wedge, but let probable in a bull market.

Comment

this si the most probable test of the support and go up

Trade closed manually

looks ETH doesnt even want to test back 1400ish , In comparing with BTC last break all-time high break up, it didn't test the 20,000, so there is a chance this is possible.
Comments
BigLava
Great setup an entry options! I also agree and waiting for retest 🙏
luissjp
@BigLava, thanks :) trying to keep it secure, but you never know in a bull market, there is a lot of sell orders in coinbase, but you can not fully trust them, in my case I enter much lower so I am checking for a correction or to keep the entry.
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