Since ETH's sudden surge up, it has formed a falling wedge . This could signal for a continuation if we have a break from the upside.
IF ETH passes the green line on my chart I will initiate the long position, with a target of the top, long term trend line .
Profit levels will be posted below if trade becomes active.
IF ETH fails to keep the wedge formation by breaking the red line below, the entire trade will be called off and we will wait for next signal.
I believe we have a strong chance of breaking to the upside here.
Within 24-48 hours the market will have a surge of BTC and BCC entering the exchanges.
This will likely drive BTC price down momentarily, leaving room for Ethereum to grow.
This may be the final hours of the Ethereum bearish market, or at least one can hope.
I just recommending being extra careful on this trade. August 1st is entirely unpredictable.
Good luck to all of you!
IF ETH passes the green line on my chart I will initiate the long position, with a target of the top, long term trend line .
Profit levels will be posted below if trade becomes active.
IF ETH fails to keep the wedge formation by breaking the red line below, the entire trade will be called off and we will wait for next signal.
I believe we have a strong chance of breaking to the upside here.
Within 24-48 hours the market will have a surge of BTC and BCC entering the exchanges.
This will likely drive BTC price down momentarily, leaving room for Ethereum to grow.
This may be the final hours of the Ethereum bearish market, or at least one can hope.
I just recommending being extra careful on this trade. August 1st is entirely unpredictable.
Good luck to all of you!
Trade active:
Ascending Triangle, Trade still active.
Trade closed: target reached:
Closed @ $208 . Will re-evaluate for a position after retracement
Trade active:
Turning over a new leaf
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
