ETH Mega bullish pattern revealed !
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! 🚀🔥
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