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Rising Wedge indicating a possible reversal on the 4H
已更新
The ETH 4H is forming a rising wedge with bearish volume divergence which is confirmed by a bearish TK cross. In order for this rising wedge pattern to remain valid price should remain under the 50% Fib retracement. At the time of writing, the price is sitting bang on the 50% level.
One must also bear in mind that the
BTC chart is in a somewhat more bullish setup, which may impact the way ETH plays out due to the strong correlation between the two.
One must also bear in mind that the
BTC chart is in a somewhat more bullish setup, which may impact the way ETH plays out due to the strong correlation between the two.交易結束：目標達成
Interim target reached. Will keep an eye on the price action to see if it'll take another leg down to the $264 region.
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