MARKETLYTICAL

Ethereum #ETH Long?

COINBASE:ETHUSD   Ethereum
Alright here is the thing, there are plenty items suggesting that ETH #ETH can potential break to the upside.
We are looking at the 1 HR chart here:
- Falling Wedge 1 worked great along with Falling Wedge 2.
- Do you see a Falling Wedge 3 forming with a potential upside?
The only contradicting item is that currently BTC #BTC as posted previously is shown signs of a break to the down side. When BTC breaks either directions others tend to follow as well.
What are your thoughts of ETH potential upside and BTC potential slide to the downside?
Also take a look at the Bullish Divergence shown.

TL:DR:
- Previous Falling Wedges worked out.
- 3rd Falling Wedge in the works?
- Bulling Divergence shown as well.
- If Long, take a look at the current BTC possibility for short posted before this.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.