ETH/ USD... 4-Hour Forming a Descending Broadening Wedge...28%+
Hello Traders,
May have found a bullish sign on the 4-hour chart.
Looks to be forming a descending broadening wedge. This should finish forming as the weekend comes and passes, Monday looking for a breakout to the upside, depending on a number of fundamental factors.
But based on the chart, if we can break above the trendline going into Sunday late evening and holding above it through Monday Morning/ Afternoon, we should see a continued move to the upside.
Shooting for a 28% gain.
Good luck, and happy Memorial Day Weekend.
FYI, Holidays are always unpredictable. Trade safe and take care.
May have found a bullish sign on the 4-hour chart.
Looks to be forming a descending broadening wedge. This should finish forming as the weekend comes and passes, Monday looking for a breakout to the upside, depending on a number of fundamental factors.
But based on the chart, if we can break above the trendline going into Sunday late evening and holding above it through Monday Morning/ Afternoon, we should see a continued move to the upside.
Shooting for a 28% gain.
Good luck, and happy Memorial Day Weekend.
FYI, Holidays are always unpredictable. Trade safe and take care.
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.