ETHUSDT trading idea

Spotted huge potential falling wedge pattern with price moving in rising wedge .

Our immediate trading idea is to wait for possible retracement toward the wave d level of the rising wedge .

At the wave d level we should expect price to rally back up for next leg up at wave e but, if for any reason price break wave d down, it will signal huge BEAR potential and vice versa if the level hold and we move towards wave e.

Oscillating indicator on daily look seriously overbought and i believe this need to cool down so we should expect the drop towards wave d as soon as possible.

Wait for price to test out wave d for possible accumulation with tight stop loss.

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

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Possible wave count for the expected drop

Trade active

Trade active

Trade active

Trade active