ETHUSDT H4 Analysis Update:
Wedge Bottom formed:
75% chance of bull breakout
25% chance of bear breakout
That 25% worked and bear breakout happened
No matter if your analysis goes wrong, change your plan
Strong Bear BO so 2nd leg down likely
In this cases when wedge bottom forms and bear BO happens, next reversals will have much higher probability
Watch the blue zone to see if it can hold price or not
Wedge Bottom formed:
75% chance of bull breakout
25% chance of bear breakout
That 25% worked and bear breakout happened
No matter if your analysis goes wrong, change your plan
Strong Bear BO so 2nd leg down likely
In this cases when wedge bottom forms and bear BO happens, next reversals will have much higher probability
Watch the blue zone to see if it can hold price or not
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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.
Related publications
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.