ETH is heading to a convergence point

2020년 4월 9일

1. Trend: D1: Down trend. H4: Up trend
2. Market context:
Moving in a bullish wedge after a bullish wave => continual trend pattern
Upper side of the wedge is tested 5 times -> weakening resistance
RSI bullish divergence in M15 with a strong rejection Pinbar of support
A convergence point from 3 lines around 182 (psychological level, bottom of a Pinbar)

==> I tend to a Long position in H1
==> with expectation of 5th wave in Elliot wave, bearish divergence in H1 and H4

Let's see!