ETH Wykoff Accumulation and Massive Falling Wedge

Apr 19

We could be seeing a big up move here this weekend. Wyckoff accumulation is almost complete, if support holds we should see a breakout of the falling wedge. However, I think this will be a huge trap to shake out sellers, so be looking to take profits.

Apr 20

Trade active

My current outlook on the 15 minute timeframe. I have identified what seems to be another accumulation. If the current support holds, price could be ready to push past Saturdays high. There is a possibility support doesn't hold and the price breaks down to make a spring or price could continue to redistribution. However, on the 1 min price action near the support is showing signs of accumulation as well.

Apr 21

Note

Nice move past previous high! Looks like it's ready to attack the next level of resistance 1688

Apr 22

Note

Price has successfully broke resistance at 1688 and is now using it as support. I have identified a possible reaccumulation pattern on the 1minchart with possible incoming spring that could drop to the last point of support.