Jam777

Another Day Another Wedge!

Long
BITSTAMP:ETHUSD   Ethereum
As can be seen, ETH has a flat supported wedge with a falling resistance line. I can see this breaking out upwards. I wouldn't enter now, wait till we drop to the 2580-2620 level, and hold from there. If we break the support below the pattern will be invalidated and can see a drop to the 2400 levels.
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