AAlFadhala

ETHEREUM to the Moon AGAIN?

POLONIEX:ETHUSDT   Ethereum / Tether USD
Hello traders!

As you know, I've been very bearish on #ETHEREUM for the past few weeks (and still am).
There hasn't been any strong commitment from the bulls yet, as I can't find any bullish signs.

However, I can totally see that a huge falling wedge is forming, which could mean that ETHEREUM could be trading above $300 soon!

Signs that will confirm a bullish movement:
1. Lows are not broken
2. A breakout to the pattern
3. Higher highs are formed

Keep in mind prices can trade within the falling wedge pattern for the next few weeks. This mean we could see $100, $80 etc. soon.

- I'll keep this idea updated.

Happy trading!
Trade active: The first sign for a bullish movement has happened
- A breakout to the pattern!

Lets see if #ETHEREUM could make a new high and breakout $225 level.
Comment:
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Comment: 20% MOVE! - Higher highs has formed! Bulls seems to be in control..
Comment: 28%!!!! Congrats to the bulls :)!
Comment:
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Comment: I never expected for it to move that fast, we might see $310 soon!
Comment: I'm looking for ETH to do something like this

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Comment: We are still waiting for ETH to form a higher low.
Comment: Seems like $185 is the higher support ETH is trying to make
Trade active: Its currently forming a 3 wave correction structure
snapshot
Trade closed: target reached: Target reached! ETH trading above $300 :)!

good call!
Reply
What was your entry level if I may ask?
Reply
Great - thank you. Love the follow-ups to the analysis as time passes
Reply
I think BTC is going to drop down to the bottom of it's downtrending range again (starting now) and drag ETH down back into it's downtrending range as well. Thoughts?
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cryptomizer PRO ChrisSlavin
@ChrisSlavin, most likely
Reply
A target of $300 would also coincide with a 618 on fibonacci. So pretty good call. Watching it closely... watch out for the weekend dips - been noticing this the last few weeks.
Reply
@jpmartin, great, goodluck!
Reply
Thank you so much, it is a great TA, Good Job!
Reply
AAlFadhala PRO navidfathi
@navidfathi, Thank you!
Reply
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