I believe the 5th wave is nearly completed for ETH and now it should take an ABC correction. Price of an asset almost never holds an ATH for long. The correction is vital for the health of ETH. That's the theory.
Note: Decreasing volume RSI Oversold Near LT Support
Remember, Market controls the price, there will be risks associated with the trade. Its upto viewers to take the trade or not.
IF it breaks the red dashed, its officially a bubble! which is possible too.
GL
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This will be a rough estimate. I feel its a very steep projection.
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Bearish macd divergence ATM too
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This trades like amazon!
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I am pullight the trigger if a candlestick starts on top of the red dash.
Trade geschlossen: Stop wurde erreicht
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out at -7%... BS.
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1907 PT I guess. Bubble!
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angle 1/1 should be the new bubble high... but I do not have any position atm.
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Comment: finvids.com/Content/Images/ChartPattern/Wedges/Rising-Wedge-Breakout-Direction.jpg What eth did is very rare. TA is not a science, its a good prediction tool. Risk management is the key. ETH is a bubble, we don't know where and how this will settle. See the fib level for potential support and resistance. Also please note, if one of the coinbase cryptos is overly bullish, other will fall because people will sell to jump on the train due to "FOMO". Crypto is not a stock, it doesn't have intrinsic value.
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Its a bubble trade at your own risk
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dead cat bounce!
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Bubble move created the inverted H&S. This trade is not predictable! its random, you can know the support and resistance but you can't know the direction this trade is going to take. ETH Could go to 1950sh or retrace to 850. More it gains more it will lose so be very careful! I am not trading this, not that brave.
@siegfried007, thanks for the correction, i did it in hurry
gregor
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Steep projection as in "ballsy" because of the risk not happening?
UnknownUnicorn1020621
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@gregor, it will fall, steep as Price slope is steeper than intended. I did this in a hurry, this fall is 80% likely. Shorting an uptrend is also very ballsy lol. It hasnt crossed the red diagnol line so i am sticking with this for now.