ETHUSD Steady rise to 198.00. Long

Ethereum / U. S. DollarKraken

Description

⋅ May 7, 2019 9:25 PM

Ethereum is on a Rising Wedge since it bottomed in December 2018. Every top has a decreasing rate of -34%. This indicates a slow rise to 198.00 in June before ETH either pulls back for a final accumulation or breaks the Rising Wedge aggressively upwards.

Comments

Trendbeat

⋅ May 8, 2019 5:04 AM

Price difference Kraken/Bitstamp 168/175
Never saw that... Crazy

TradingShot

⋅ May 8, 2019 8:04 PM

@Trendbeat, Welcome to the crypto exchange world!

Yrat

⋅ May 8, 2019 1:34 AM

break rising wedge... upwards??

Matthew1972

⋅ May 8, 2019 4:45 PM

@Yrat, if the decreasing slope continues it will form a rising triangle at the end between two tops. That could very well break upwards.

TradingShot

⋅ May 8, 2019 8:04 PM

@matthevandaalen, Matt explained it perfectly.

TheMailMan

⋅ May 9, 2019 11:21 AM

how can no one see an ascending wedge. along with bear volume RIP

BlockchainYahoo

⋅ May 8, 2019 11:30 PM

the bull run has begun... hope it has legs while the stock market tanks

TradingShot

⋅ May 9, 2019 11:39 AM

@BlockchainYahoo, It is very possible that both come true.

tommix

⋅ May 8, 2019 7:01 PM

sTEADY RISE BEFORE REGULAR COLLAPSE.

TAO7

⋅ May 8, 2019 6:41 PM

Elliott = 4th is ABCDE with E extended
good analisys!
it may overcome 198 for bull trap