Ethereum is ready to the RALLY, end of down trend is SOON!!!!
Usually In technical analysis the last move after break out of the triangle is final move before the trend reversal.
One of the reasons of following behavior - triangle is usually pattern of the wave 4 by Elliot count, breakout is wave 5 and after that we have an ABC correction or higher time frame trend reversal.
ON ETH/USD daily chart We see the price was breached out from the triangle and reversed exactly on it target (100% of the triangle height).
Also we have massive volume increasing => it is a sign of a lot of buyers.
I will update this idea!
Good luck!!!
p.s. For the possible targets of this perfect trade idea you can look my previous analysis
One of the reasons of following behavior - triangle is usually pattern of the wave 4 by Elliot count, breakout is wave 5 and after that we have an ABC correction or higher time frame trend reversal.
ON ETH/USD daily chart We see the price was breached out from the triangle and reversed exactly on it target (100% of the triangle height).
Also we have massive volume increasing => it is a sign of a lot of buyers.
I will update this idea!
Good luck!!!
p.s. For the possible targets of this perfect trade idea you can look my previous analysis
Trade fechado: objetivo atingido
Perfect trade! We have reached the 210$ target priceI will public the new idea soon.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.