Update:
Been several days since I've posted an update on ETH been super busy, everything has went pretty crazy!
Last update I was slightly more bearish short term and that is exactly what price done. we came down to my level almost perfectly closing the CME gap I had mentioned before seeing a crazy rise to the upside creating new highs.
my trades went amazingly well and I am still in 1 of them but I am now trying to average up my position to keep my good entry. currently I am looking at this falling broadening wedge here and whist writing this analysis we seen a touch of the top of this formation perfectly so now I am waiting to see how valid the bottom trend line is.
a falling wedge is typically a bullish pattern but apparently a broadening wedge is a bearish formation, showing signs of a reversal of the top and we did just see a top here so that could well be what is happening here, I am still very bullish here and the CME gap for ETH is actually 4490 which is crazy! so I mean that would be fantastic if we can hit that early next week.
Been several days since I've posted an update on ETH been super busy, everything has went pretty crazy!
Last update I was slightly more bearish short term and that is exactly what price done. we came down to my level almost perfectly closing the CME gap I had mentioned before seeing a crazy rise to the upside creating new highs.
my trades went amazingly well and I am still in 1 of them but I am now trying to average up my position to keep my good entry. currently I am looking at this falling broadening wedge here and whist writing this analysis we seen a touch of the top of this formation perfectly so now I am waiting to see how valid the bottom trend line is.
a falling wedge is typically a bullish pattern but apparently a broadening wedge is a bearish formation, showing signs of a reversal of the top and we did just see a top here so that could well be what is happening here, I am still very bullish here and the CME gap for ETH is actually 4490 which is crazy! so I mean that would be fantastic if we can hit that early next week.
