ETHEREUM, Massive Formation With Huge Breakout Potential!
Updated
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#ETH update
ETH is trading inside this descending channel for over a year and now we are making this reversal pattern falling wedge pattern.
We need a breakout of 1350k level then we can open a long
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#ETH update
ETH is trading inside this descending channel for over a year and now we are making this reversal pattern falling wedge pattern.
We need a breakout of 1350k level then we can open a long
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Note
In the shorter time frame, ETH is making this bearish pennant pattern we can open a short position after the breakout.
Right now, the price of Ethereum faces resistance near $1200 and the 50-day simple moving average. The first major resistance is near the $1230 level bulls need to break out of this pattern to invalided this pattern.
Note
If we see in the three-day timeframe we are at strong support.
In the case of a breakout of the wedge, will trigger a strong recovery.
Bearish is possibility
If BTC isn’t able to break above that $1200 resistance, the new bearish wave could begin toward $1020.
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