ETHUST Market update

Hello guys,

Let me quickly call our attention to my post on Ethereum that talk about its market Cycle, this call still hitting hard as we are approaching one of its top level target, do have a look at the post below

Having drop that, let talk about today market update which have to deal with two different views.

First is about Ascending triangle formation

Secondly about potential rising channel formation.

As we all know that both ETHUSD and BTCUSD always move together, so this mean we do not need to waste much of our time.

This idea showcase a well detailed wave count which totally correspond to that of BTC with wave leg 3 and 5 exhibiting zig zag manner with each leg A and C having (12345) waves.

The chart is self explanatory and I believe it should provide enough guide for our trading decision.

Moreover, in the bigger timeframe Ethereum is painting massive Bearish Bat pattern with price moving within potential descending broadening wedge.

Below is the chart of the Bearish Bat formation

You can find descending broadening formation here also with its top trendline correspond directly to our medium term target.

Kindly go through the chart and do leave us your comments to let us know how you feel about our view,

Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas

Thank you.

Trade active

Trade closed: target reached