Read my chart, status and graph.
I believe the 5th wave is nearly completed for ETH and now it should take an ABC correction. Price of an asset almost never holds an ATH for long. The correction is vital for the health of ETH. That's the theory.
Note:
Decreasing volume
RSI Oversold
Near LT Support
Remember, Market controls the price, there will be risks associated with the trade. Its upto viewers to take the trade or not.
IF it breaks the red dashed, its officially a bubble! which is possible too.
GL
I believe the 5th wave is nearly completed for ETH and now it should take an ABC correction. Price of an asset almost never holds an ATH for long. The correction is vital for the health of ETH. That's the theory.
Note:
Decreasing volume
RSI Oversold
Near LT Support
Remember, Market controls the price, there will be risks associated with the trade. Its upto viewers to take the trade or not.
IF it breaks the red dashed, its officially a bubble! which is possible too.
GL
Note
This will be a rough estimate. I feel its a very steep projection.Note
Note
Bearish macd divergence ATM tooNote
Note
This trades like amazon!Note
I am pullight the trigger if a candlestick starts on top of the red dash.Trade closed: stop reached
out at -7%... BS.Note
1907 PT I guess. Bubble!Note
angle 1/1 should be the new bubble high... but I do not have any position atm.Note
Comment: finvids.com/Content/Images/ChartPattern/Wedges/Rising-Wedge-Breakout-Direction.jpg What eth did is very rare. TA is not a science, its a good prediction tool. Risk management is the key. ETH is a bubble, we don't know where and how this will settle. See the fib level for potential support and resistance. Also please note, if one of the coinbase cryptos is overly bullish, other will fall because people will sell to jump on the train due to "FOMO". Crypto is not a stock, it doesn't have intrinsic value.Note
Its a bubble trade at your own risk Note
Note
Bubble move created the inverted H&S. This trade is not predictable! its random, you can know the support and resistance but you can't know the direction this trade is going to take. ETH Could go to 1950sh or retrace to 850. More it gains more it will lose so be very careful! I am not trading this, not that brave.Note
Seems like WS is bearish but China is bullish...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.