ETHEREUM: A BOUNCE CAN BE EXPECTED.

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Hello traders, I hope you guys are all doing good. Here's a quick update on ETH. Please have a look and trade safely.

Timeframe: 4 hours.

Update: ETH is forming a rising wedge pattern which technically is a bearish pattern but as it is under the formation, we can expect a rally between $1200 to $1300 followed by the rejection. Breaking down below the lower support trendline will invalidate this chart.

Trade setup:

Entry between $1033 to $1060.

Targets: $1115, $1168, $1221, $1281.

Stop Loss: $986.

Note: If you are entering this trade then do not forget to use SL. Trade with 5x or 10x leverage and accumulate the dip.

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Thank you.