Looking at the ETH daily we seem to be forming some kind of a falling wedge pattern into the main uptrend line. Also looking at the wave trend oscillator it is begining to round over on the bottom side.
Price could very easily drop through the main uptrend but if it bounces any where from now down to this trend line there is another rising wedge pattern on the macro that puts a long target in the area 2300.
For now personaly I am staying neutral and watching to see what the public decides.
Time will tell. Trade Well
Price could very easily drop through the main uptrend but if it bounces any where from now down to this trend line there is another rising wedge pattern on the macro that puts a long target in the area 2300.
For now personaly I am staying neutral and watching to see what the public decides.
Time will tell. Trade Well
تعليق:
I have choosen to stick with the short side and will continue to do so until the market gives a reason not too. It still has a chance of course and EXTREME caution is necessary no matter which side a person chooses to trade as we are approaching this macro support trend. Respect the Dump if it happens
