ETH is heading to a convergence point
1. Trend: D1: Down trend. H4: Up trend
2. Market context:
Moving in a bullish wedge after a bullish wave => continual trend pattern
Upper side of the wedge is tested 5 times -> weakening resistance
RSI bullish divergence in M15 with a strong rejection Pinbar of support
A convergence point from 3 lines around 182 (psychological level, bottom of a Pinbar)
==> I tend to a Long position in H1
==> with expectation of 5th wave in Elliot wave, bearish divergence in H1 and H4
Let's see!
2. Market context:
Moving in a bullish wedge after a bullish wave => continual trend pattern
Upper side of the wedge is tested 5 times -> weakening resistance
RSI bullish divergence in M15 with a strong rejection Pinbar of support
A convergence point from 3 lines around 182 (psychological level, bottom of a Pinbar)
==> I tend to a Long position in H1
==> with expectation of 5th wave in Elliot wave, bearish divergence in H1 and H4
Let's see!
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