Please understand fundamentals and sentiment within the crypto space take over TA sometimes.
Last month was very good for crypto in terms of positive news coming from China. With 2020 approaching and a lot of speculators are expecting big things in terms of price action. Along with the anticipated BTC halving. Ethereum staking coming into play too.
However, on a TA point of view. ETH has recently broke out of a falling wedge and is respecting the top end of the wedge very nicely.
Good opportunity too long. But please be cautious. If we break and close below (back inside the wedge). Expect to see the demand zone being tapped again where I will be re-entering another position.
HAPPY TRADING. PLEASE SHARE YOUR THOUGHTS BELOW.
THANKS (:
Last month was very good for crypto in terms of positive news coming from China. With 2020 approaching and a lot of speculators are expecting big things in terms of price action. Along with the anticipated BTC halving. Ethereum staking coming into play too.
However, on a TA point of view. ETH has recently broke out of a falling wedge and is respecting the top end of the wedge very nicely.
Good opportunity too long. But please be cautious. If we break and close below (back inside the wedge). Expect to see the demand zone being tapped again where I will be re-entering another position.
HAPPY TRADING. PLEASE SHARE YOUR THOUGHTS BELOW.
THANKS (: