ETH: Descending Wedge + Bullish Divergence

٣٠ أغسطس ٢٠٢٢

After almost a 30% correction since August 13, ETH is developing a descending wedge pattern with bullish divergence on the 8H chart.

If the upper trend line breaks, then I'd expect a move up to major resistance around $1,700.

٣١ أغسطس ٢٠٢٢

ملاحظة

The bullish divergence and wedge breakout are playing out right now. Needs to hold above the trend line for a move up.

٦ سبتمبر ٢٠٢٢

أغلقت الصفقة: تم الوصول للهدف

ETH nearly hit my target. I was off by $15, but took profits and exited my position. I'll be looking for another setup at lower levels.

٩ سبتمبر ٢٠٢٢

ملاحظة

$1,700 target reached.