Stay tuned traders 🐺
Something big is unfolding on the ETH chart. 📈🔥
As you might know, the falling wedge pattern is usually bullish, but what makes it MEGA bullish?
Let me explain:
If the price gets back into the falling wedge, it shows a clear bear trap, especially when this happens in the support area. As you can see, the price is already in a huge support zone at the lowest Fib levels (0.88 - 0.86).
In my opinion, if ETH gets back into the pattern and closes a candle above it, then with 100% certainty, the price will surge—at least to the downward-sloping purple trendline, which is also a strong and very important resistance level!
This is very possible because if you already follow me, you’ve probably read my ideas about the BTC.D situation, which I want to take a quick look at again.
👉 BTC.D is currently sitting at a very high level around 60% - 61%, which is extremely high and historically signals the beginning of a massive Altcoin Season! 🚀🔥
Something big is unfolding on the ETH chart. 📈🔥
As you might know, the falling wedge pattern is usually bullish, but what makes it MEGA bullish?
Let me explain:
If the price gets back into the falling wedge, it shows a clear bear trap, especially when this happens in the support area. As you can see, the price is already in a huge support zone at the lowest Fib levels (0.88 - 0.86).
In my opinion, if ETH gets back into the pattern and closes a candle above it, then with 100% certainty, the price will surge—at least to the downward-sloping purple trendline, which is also a strong and very important resistance level!
This is very possible because if you already follow me, you’ve probably read my ideas about the BTC.D situation, which I want to take a quick look at again.
👉 BTC.D is currently sitting at a very high level around 60% - 61%, which is extremely high and historically signals the beginning of a massive Altcoin Season! 🚀🔥
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.