Ethereum ETHUSDT - Market structure + Wedge
- As you can see - wedges are common patterns on the Daily chart
- We have a yellow trend line resistance, which provides us a great opportunity to set a profit target here
- Everyone is waiting for the ALL TIME HIGH breakout event above 1475 USD
- In December 2020 - We had a breakout above the huge rising wedge - We can think of this as the buying pressure is very high
- The price is above 20 moving average providing us a strong bullish momentum
- Huge historical volume spike confirms the bull market
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature down below ↓
- Hit the like button and follow me. Don't miss any update!
- We have a yellow trend line resistance, which provides us a great opportunity to set a profit target here
- Everyone is waiting for the ALL TIME HIGH breakout event above 1475 USD
- In December 2020 - We had a breakout above the huge rising wedge - We can think of this as the buying pressure is very high
- The price is above 20 moving average providing us a strong bullish momentum
- Huge historical volume spike confirms the bull market
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature down below ↓
- Hit the like button and follow me. Don't miss any update!
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