At we take a look at the ETH/USDT, we can see that is is trading in a massive broadening wedge pattern. Every time it touched the trendline, it bounced nicely.
Will history repeat itself?
Another thing to keep in mind is that the area which it touched is also lining up with the golden pocket for extra confluence. This is still a bullish chart until support fails.
Remember we trade based off probabilities and theres a higher probability we get a bounce instead of a drop but since we can't predict the future we must alwasy protect our portfoliio with a stop-loss.
Let me know your thought sin the comments below
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Will history repeat itself?
Another thing to keep in mind is that the area which it touched is also lining up with the golden pocket for extra confluence. This is still a bullish chart until support fails.
Remember we trade based off probabilities and theres a higher probability we get a bounce instead of a drop but since we can't predict the future we must alwasy protect our portfoliio with a stop-loss.
Let me know your thought sin the comments below
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.