Tolberti

Ethereum ETHUSDT - Rising wedge + Elliott Wave

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
- Bearish rising wedge is currently forming on 4h chart
- Impulse Elliott wave completed successfully - we are looking for a pullback
- Maybe the main horizontal level was a bull trap and the price will fall
- You can buy at 0.618 fib for a short term trade

If you want more of these ideas, please hit the like button and follow me, so you don't miss any update!
Also, check my signature down below ↓
Comment: 0.618 fib rejection

Join my Premium Signals (Telegram):

@Tolberti
https://t.me/Tolberti

1 month: 19 USD
6 months: 69 USD
12 months: 99 USD
Life Time: 199 USD

Trade on the best exchange! (with commission kickback rate: 5%)
https://www.binance.com/en/register?ref=LAXL6BVP

Comments

No bearish divergences?
Reply
Tolberti TradingSurfers
@TradingSurfers, which time frame?
Reply
That is not a rising wedge. Your resistance/topline makes no sense. It is cutting the top of the candles off just to fabricate the wedge. Looks more like a rounding bottom or at least a rising channel. Use a daily chart, much better for long periods such als this. Easier to recognize patterns.
Reply
Tolberti Matthew1972
@Matthew1972, I connected the trend line from wave 1 to wave 3, I didn't cut anything. Now it looks like the wedge is breaking down.
Reply
Matthew1972 Tolberti
You can draw any bias you want ;-))


PS, very much appreciate your work, dont get me wrong!!!!!
Reply
Tolberti Matthew1972
@Matthew1972, Alright, its a valid channel. However, we have Elliott Wave Impulse completed. Clear 3 waves to the upside.
Reply
Matthew1972 Tolberti
@Tolberti, Another way of looking at the ETHUSD chart. Go to the weekly. We just flipped resistance into support and now retested support.

Reply
Tolberti Matthew1972
@Matthew1972, Yes, but we need to wait another 4 days for the candle to close.
Reply
Matthew1972 Tolberti
@Tolberti, Together with the monthly close on especially Bitcoin. Exiting times. Cheers!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out