Our Long term View on ETHEREUM is LONG (after the breakout above the wedge pattern)
Our Short Term View on ETHEREUM is Short (inside the Wedge Pattern)
Main items we can see on the Daily chart:
a)The price is inside a substantial Falling Wedge Pattern ( Yellow lines ) this is considered a corrective structure before a new motive wave coming (bullish view)
b)If you are planning on trading the bullish movement, wait for a breakout of the Wedge, and after that, most probably, a corrective structure will come "DONT RUSH YOUR TRADES."
c)On the Short term, we have a range that has been broken and the minimum expected distance of movement after that has not been fulfilled, so we expect a continuation of the bearish move towards the lower trendline of the falling wedge
d)If that bearish movement happens, we forecast after that a reversal on the zone on an attempt of breaking the Falling Wedge
Our Short Term View on ETHEREUM is Short (inside the Wedge Pattern)
Main items we can see on the Daily chart:
a)The price is inside a substantial Falling Wedge Pattern ( Yellow lines ) this is considered a corrective structure before a new motive wave coming (bullish view)
b)If you are planning on trading the bullish movement, wait for a breakout of the Wedge, and after that, most probably, a corrective structure will come "DONT RUSH YOUR TRADES."
c)On the Short term, we have a range that has been broken and the minimum expected distance of movement after that has not been fulfilled, so we expect a continuation of the bearish move towards the lower trendline of the falling wedge
d)If that bearish movement happens, we forecast after that a reversal on the zone on an attempt of breaking the Falling Wedge
