Well, ETH doesnt look that bad now and seems to be consolidating before another move up.
Keep things simple - if we break that wedge to the upside that would be very bullish and would confirm we are back in bull market because it's bearish pattern and normally we should go to the downside.
On the other hand if we break it to the downside it will be confirmed we didnt leave bear market yet and probably will go one more time to test the lows.
That would also mean that we can repeat 2019 accumulation pattern in bullish case, so the red line is crucial n short term imo.
Keep things simple - if we break that wedge to the upside that would be very bullish and would confirm we are back in bull market because it's bearish pattern and normally we should go to the downside.
On the other hand if we break it to the downside it will be confirmed we didnt leave bear market yet and probably will go one more time to test the lows.
That would also mean that we can repeat 2019 accumulation pattern in bullish case, so the red line is crucial n short term imo.