ETH Short-term analysis | Trading and expectations

🎯Wave 1 appears to have completed a leading diagonal. Wave 2 appears complete with the recent higher high. Price was rejected at the daily 200EMA but is attempting to break through again. Overcoming this will be very bullish, especially as we are above the daily pivot.

📈 Daily RSI is printing bearish divergence. A move above wave (1) is essential to negate this, or prices could head to new local lows.

👉 Analysis is invalidated below wave (2)

Safe trading

Maddox_Metrics

🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

Maddox_Metrics

🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com