EthanTW

ETH - small Long and big Short

BYBIT:ETHUSDT   ETHUSDT SPOT
ETHUSDT
4H time frame
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ETH just did a false BO and went back to this descending wedge, also it forms a short-term uptrend here.
Go long if ETH can take out 1610, it is the high of previous red candle. So bypass that high is significant for price to go up and aim to 1715.
However, we tend to see it in bearish perspective due to the big HS on chart, better way for ETH is keep consolidating is the wedge until hitting support levels.
Targeting 1383.35, 1207.6, 1013.6

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