janski

Ethereum Rising Wedge

POLONIEX:ETHUSDT   Ethereum / Tether USD
The rising wedge in Ethereum is coming to a crux point of the 270-285 resistance area that was a major pivot area in the previous bear swing that took the price down to 138. The market will need to decide where to go soon.

Tread carefully. I'm waiting this one out and will trade after the market shows its intention. I will be buying after we break 285, with a super tight stop loss and I will also be buying in the 245 area in anticipation of a pullback to the 265 area.
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