We consider an Ending diagonal triangle at the fifth wave of ETH.
This pattern mostly accrues at the final wave of a cycle and in my opinion, the third wave which is started in Sep 2020 is finishing.
However, my opinion could be wrong (the price rise until the orange boxes) , this wave goes up slowly and has a triangular shape.
Obviously, during this triangle we DO NOT have permission to take a position.( Unless the price crosses the top or bottom of the triangle ).
This pattern mostly accrues at the final wave of a cycle and in my opinion, the third wave which is started in Sep 2020 is finishing.
However, my opinion could be wrong (the price rise until the orange boxes) , this wave goes up slowly and has a triangular shape.
Obviously, during this triangle we DO NOT have permission to take a position.( Unless the price crosses the top or bottom of the triangle ).