ETH/USD *Chart Pattern Identified* Broadening Ascending Wedge
Hey everyone, Ive been kinda quiet lately but I have been on the sidelines observing all of this movement thats been going on. Unfortunately I missed the BTC PUMP! But on a side-note, theres very strong evidence now that we have bottomed. which is VERY good, this is just the beginning
I have been tracking this pattern for a few days now actually and things are starting to play out well. This is still kinda risky only because of the fact that things have been really unpredictable but overall I think ETH can see another leg down. I am no longer bearish long term and I believe we have bottomed on EH as well. BUT, like I said we can still see $125-145 ETH.
This pattern is bearish and should it play out I outlined on the chart the minimum run for the decline.
this is not as reliable as other more common patterns but Its has been VERY hard for me to chart ETH recently and this pattern would explain it. An unusual price action, it seems more corrective than impulsive with a lot of overlapping PA over the last few weeks. Anyways I hope this helps!
CAREFUL! we can go bullish any second now!
-CryptoSuf
I have been tracking this pattern for a few days now actually and things are starting to play out well. This is still kinda risky only because of the fact that things have been really unpredictable but overall I think ETH can see another leg down. I am no longer bearish long term and I believe we have bottomed on EH as well. BUT, like I said we can still see $125-145 ETH.
This pattern is bearish and should it play out I outlined on the chart the minimum run for the decline.
this is not as reliable as other more common patterns but Its has been VERY hard for me to chart ETH recently and this pattern would explain it. An unusual price action, it seems more corrective than impulsive with a lot of overlapping PA over the last few weeks. Anyways I hope this helps!
CAREFUL! we can go bullish any second now!
-CryptoSuf
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