Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
ETH QUICK UPDATE
As we can see price is still overall bullish trading inside this rising broadening wedge patten, and price is still in an impulsive wave. 📚
👉Moreover, for the bears to kick in and start a correction movement, we need a break below the last major swing low marked on the chart, then a movement lower would be expected.
👉Then as the price will be approaching our lower rising trendline, lining up with a support zone, we will be looking for new bullish movement as a new impulse wave.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
ETH QUICK UPDATE
As we can see price is still overall bullish trading inside this rising broadening wedge patten, and price is still in an impulsive wave. 📚
👉Moreover, for the bears to kick in and start a correction movement, we need a break below the last major swing low marked on the chart, then a movement lower would be expected.
👉Then as the price will be approaching our lower rising trendline, lining up with a support zone, we will be looking for new bullish movement as a new impulse wave.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!