ETH Ascending Broadening Wedge/Bull Expanding Triangle
Hello everyone, hope you are having a great weekend.
I decided to update my ETH Ascending broadening wedge idea, thinking that this might be the E wave(last on up instead of D). My last publish was thinking the wave labeled D is actually E, but we will see how it plays out. Thinking it will either breakout where the red arrows are. Once again this is a long term perspective, I like patterns to play out, it's easier to predict price action. I'm not an expert, just picked this up as an hobby and hoping to receive some feedback.
Another interesting tidbit is the W MACD has been forming a bullish slant divergence, with a crossover possibly around Dec 3.(not like in the daily)
Please don't take this as trading advice, just an idea.
I decided to update my ETH Ascending broadening wedge idea, thinking that this might be the E wave(last on up instead of D). My last publish was thinking the wave labeled D is actually E, but we will see how it plays out. Thinking it will either breakout where the red arrows are. Once again this is a long term perspective, I like patterns to play out, it's easier to predict price action. I'm not an expert, just picked this up as an hobby and hoping to receive some feedback.
Another interesting tidbit is the W MACD has been forming a bullish slant divergence, with a crossover possibly around Dec 3.(not like in the daily)
Please don't take this as trading advice, just an idea.
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Meant to say descending not ascending! lol
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That penant was clearly bearish, I have no idea why I thought it would break up lol. Still learning, didn't take that trade though.
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*the green penant