without_worries

Ethereum rising wedge

שורט
without_worries מעודכן   
INDEX:ETHUSD   אתריום
On the above daily chart price action prints within a rising wedge pattern since first testing 3000 dollars.

The rising wedge pattern is a trend continuation pattern. In 82% of cases it is observed the exit is bearish.

The wedge pattern is also a reliable predictor of price action forecasts. Take a measured move from the failed support to the bottom of the wedge support. This move will be repeated from the exit point once confirmed resulting in a further 22% correction to 2800.

Ww
עסקה פעילה:
Pack it up pack it in, let the dumping begin.
עסקה פעילה:
Dumpty dump... wait until 2800 at least.
If support fails to confirm, then 2300.
עסקה סגורה: היעד הושג:
Target was reached on April 13th. It will re-test.

Daily chart
עסקה סגורה: היעד הושג:
re-test complete.
הערה:
A number of messages alone the lines of, "Are you still bearish on Ethereum?"

It is the wrong question. All trades taken by myself are a measure of risk and reward, not belief or fundamentals. At this moment the risk of downside remains greater than the probability of upside. Sure we can see swings on the daily price action of several hundred dollars. However that hold little interest, we're not in this game for the little changes in price action like gold traders. We're here for meaningful gains, and that is not on Ethereum at this time.

10 day

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.