Very big Rising Wedge on ETH Chart, Price can reach $5,000 soon
Hello my friends, today I want to talk with you about ETHEREUM.
I hope you see this big pattern which in technical analyses calls a rising wedge.
And I hope you know that this pattern is Bearish pattern, means price will fall.
BUT...
We see only 4 wave, where is 5th ?
I think soon we will see last 5th wave upward which can ends around 5,000 plus minus 200-300 dollars.
I think low of 4th wave we already saw 2 days before 4th November and price will not decline below.
Now in my opinion, price will create ABC pattern upward as 5th wave and after this we will see a global fall of all markets.
So be ready for both scenarios.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
I hope you see this big pattern which in technical analyses calls a rising wedge.
And I hope you know that this pattern is Bearish pattern, means price will fall.
BUT...
We see only 4 wave, where is 5th ?
I think soon we will see last 5th wave upward which can ends around 5,000 plus minus 200-300 dollars.
I think low of 4th wave we already saw 2 days before 4th November and price will not decline below.
Now in my opinion, price will create ABC pattern upward as 5th wave and after this we will see a global fall of all markets.
So be ready for both scenarios.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.