Hi traders,
Context Market: A week has passed and we have not had many signals for trading, ETH is still moving and accumulating in a rising flag pattern with the resistance zone of 19x and supported by EMAs, volume is low level.
Pattern: We have seen a wolfe wave pattern forming, this is a model with high probability of success and quite effective, the model will be completed when wave 5 is formed and cut down the price channel of the wave. 1 and wave 3.
Signal: The wolfe wave pattern is forming, when wave 5 cuts off the price channel created by wave 1 and wave 3 will return to the buying zone that we have been waiting for more than a week now.
Strategy: We still expect the double bottom pattern and continue to wait for buying in the zone of 172-177, you should keep patient, a good trade only if we have a good buying area.
Goodluck and happy trading!
Context Market: A week has passed and we have not had many signals for trading, ETH is still moving and accumulating in a rising flag pattern with the resistance zone of 19x and supported by EMAs, volume is low level.
Pattern: We have seen a wolfe wave pattern forming, this is a model with high probability of success and quite effective, the model will be completed when wave 5 is formed and cut down the price channel of the wave. 1 and wave 3.
Signal: The wolfe wave pattern is forming, when wave 5 cuts off the price channel created by wave 1 and wave 3 will return to the buying zone that we have been waiting for more than a week now.
Strategy: We still expect the double bottom pattern and continue to wait for buying in the zone of 172-177, you should keep patient, a good trade only if we have a good buying area.
Goodluck and happy trading!