VincePrince

Ethereum, Descending-Wedge To Complete, Upcoming Perspectives!

BYBIT:ETHUSD   Ethereum / U.S. Dollar
Hello Traders Investors And Community,

Welcome to this analysis about Ethereum , we are looking at the 4-hour timeframe perspectives. As Ethereum managed to hold its structure I discovered some interesting developments and as Ethereum develops above the 800- as well as 700-EMA it has formed there this main descending-wedge-formation with the coherent wave-count from A to C almost already completed. Now when Ethereum manages to stabilize further here and finally show up with a breakout above the upper-boundary this will complete the whole descending-wedge and Ethereum will follow-up with further bullish continuations to test the main remaining upper resistance which is also the target-zone of the wedge . When this happens it has to be elevated further if Ethereum manages to continue bullishly or firstly shows up with a pullback which is not unlikely in this case.

In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best to you!
"Good luck is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the markets.
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Comments

hello, "breakout setup over boundary" does this mean it will retest the descending wedge before going up to the resistance?
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Post your comments, questions, and ideas about ETHEREUM here.
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RyodaBrainless VincePrince
@VincePrince, Yes, I agree with $2.855
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