ETH target 4700 (perp)

٢ مايو

4h time frame
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TP: $4616~$4890
SL: $2575
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ETH is creating a potential wedge structure, that hasn't been confirmed yet. A standard structure is made of 6 six touching points at least, it's not completed due to lack of one more point on the wedge top. Also, there are two paths if we consider it as a continuation patter, first is the green one, that leave $2817 as the last low and keep going up, second is the red path, which make another low to build a robust bottom before pumping.
No matter what scenarios, they can reclaim $4800 in future if sustain continuation of the bull trend since $2171.