without_worries

Ethereum rising wedge

without_worries 업데이트됨   
INDEX:ETHUSD   이더리움
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
액티브 트레이드:
Pack it up pack it in, let the dumping begin.
액티브 트레이드:
Dumpty dump... wait until 2800 at least.
If support fails to confirm, then 2300.
거래청산: 타겟 닿음:
Target was reached on April 13th. It will re-test.

Daily chart
거래청산: 타겟 닿음:
re-test complete.
코멘트:
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
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Weblink: www.patreon.com/withoutworries

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