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Ethereum / Tether

ETH Rising wedge (OPTIMAL LONG ENTRY)

By PapaBear95
Updated
Rising wedge indicates a break down of eth price trend after local pump to 2850 range. Will likely follow with a massive pump upon hitting the buy zone,
Note
Also, if you look at the range from Jan. 26th to present on the 4hr chart, you will see an ascending broadening wedge pattern, indicating a potential break to the downside to occur. These two in combination may indicate that the break down may occur SOONER (next 24hrs-36hrs) rather than later as depicted by the wedge. If the candles retest the bottom support line of the broadening wedge 3 times on this current broadening wedge, expect a down turn to the optimal buyzone area. From here, expect a moon shot to $3000+ initially.
Note
Broadening Wedge Viewpoint
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PapaBear95

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