Ethereum, Descending-Wedge To Complete, Upcoming Perspectives!

BYBIT:ETHUSD   Ethereum / U.S. Dollar
Hello Traders Investors And Community,

Welcome to this analysis about Ethereum , we are looking at the 4-hour timeframe perspectives. As Ethereum managed to hold its structure I discovered some interesting developments and as Ethereum develops above the 800- as well as 700-EMA it has formed there this main descending-wedge-formation with the coherent wave-count from A to C almost already completed. Now when Ethereum manages to stabilize further here and finally show up with a breakout above the upper-boundary this will complete the whole descending-wedge and Ethereum will follow-up with further bullish continuations to test the main remaining upper resistance which is also the target-zone of the wedge . When this happens it has to be elevated further if Ethereum manages to continue bullishly or firstly shows up with a pullback which is not unlikely in this case.

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Information provided is only educational and should not be used to take action in the markets.
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hello, "breakout setup over boundary" does this mean it will retest the descending wedge before going up to the resistance?
Post your comments, questions, and ideas about ETHEREUM here.
RyodaBrainless VincePrince
@VincePrince, Yes, I agree with $2.855