farisalraisi

Descending Broadening Wedge

Long
COINBASE:ETHUSD   Ethereum
A clear descending broadening wedge pattern is playing out. This is a bullish trend (at least on the micro level), with confirmation already triggered through an upward breakout of trend. Now price is at consolidation (recharging) stage with resistance level already broken once. Same trend is going on with BTC.
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.