Similarly to Bitcoin, Ethereum is also creating an ending diagonal. As mentioned in our previous post on Bitcoin, the 5th wave of the ending diagonal can fall short or extend beyond the wedge. For ETH, ideally we extend beyond the wedge so that we can avoid having a truncated 5th wave.
Trade Idea:
- Watch for the completion of the 5th wave of the ending diagonal
- For confirmation, wait for a break above the wedge
- Note that the 5th wave can extend beyond the wedge
Goodluck and as always, trade safe!
Trade Idea:
- Watch for the completion of the 5th wave of the ending diagonal
- For confirmation, wait for a break above the wedge
- Note that the 5th wave can extend beyond the wedge
Goodluck and as always, trade safe!
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4DAY Chart
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