Ascending triangle breakup, on Blackrock ETF news, with target of approximately $2900-3000 based upon 1.61% fib level. In addition, on the weekly timeframe when looking at the Ichimoku cloud, an edge-to-edge trade has activated and it points to the same target.
ETHBTC chart bounced off support at 0.05 and is heading for upper resistance of a multi year wedge formation.
Stop loss at $1900.
ETHBTC chart bounced off support at 0.05 and is heading for upper resistance of a multi year wedge formation.
Stop loss at $1900.
Note
Cautiously monitoring this wedge pattern that has now made itself apparent. Might secure profit and look for re-entry later if it begins showing signs of weakness. Trade closed: target reached
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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.