ETH: Descending Wedge + Bullish Divergence

2022年8月30日

After almost a 30% correction since August 13, ETH is developing a descending wedge pattern with bullish divergence on the 8H chart.

If the upper trend line breaks, then I'd expect a move up to major resistance around $1,700.

2022年8月31日

註釋

The bullish divergence and wedge breakout are playing out right now. Needs to hold above the trend line for a move up.

2022年9月6日

交易結束：目標達成

ETH nearly hit my target. I was off by $15, but took profits and exited my position. I'll be looking for another setup at lower levels.

2022年9月9日

註釋

$1,700 target reached.