Ethereum is in a Short-term Broadening Wedge

Feb 17, 2021

Hello All,

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This is a simple chart to show that Ethereum is in a short-term broadening wedge. In addition, the 4H 6H 8H 12H 1D Bollinger Bands are ready for a big move to the upside to at least $2,700-3,000 textbook target of the rounding bottom.

Extra observation, nobody is talking about the 7 back to back bullish 3D candles seeing on the 3 Day timeframe:



Finally, check out our Ethereum long-term chart on Tradingview. The Ethereum All-Time-High (ATH) should be around $28,000-31,500:

Happy trading!
Carl M.

Feb 17, 2021

Trade active

Feb 18, 2021

Note

And few hours later after I published this Ethereum Short-term call boom were up $1,000 on Ethereum. Bollinger Bands are amazing indicators. Learn to use them!

The next level to watch is $2,000 which we will hit soon.

Once we break it we will run very fast towards $2,700-3,000 top of the broadening wedge.