weslad

Ethusdt in Rising Channel Action

BINANCE:ETHUSDT   Ethereum / TetherUS
Hey guys thanks for appreciating my last BTCUSDT post your likes means so much to me.

Just as promised, I want to exposed this very long ETH channel have been following for months and till today the channel still in play.

As we know price movement in channel is either with 12345 waves or A-E waves but i choose to go with wave A-E where as we can all see Wave A, B, C leg seems to be completed based on the principle of Channel which implies we are waiting for next wave which will be a drop leg to form wave D.

Trading Plan:
The main plan here is that ETHUSDT has achieved a basic level on the upside side for now after hitting 280$ zone, although most analysts including myself thought we could see 300$ before we go for next leg downward but with BTC momentum seems FADING that will make the rise difficult.

Best idea is to focus on the Accumulation zone to ladder down LONG entry.

On the other side we can also tagged this setup to be Inverse Head and shoulder pattern.


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Thank you
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