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Jul 6, 2018 12:14 PM

ETH USD LONG ? Long

Ethereum / DollarBitfinex

Description

market has formed a nice fallen wedge,,, now we are at the edge of breaking the upward position and go to next big resistance level..
if market fails to break this level then we can go the next big support
wait for breakout and close above the rising wedge

Comment

breakout
Comments
CPA4PAY
"Volume: While volume is not particularly important on rising wedges, it is an essential ingredient to confirm a falling wedge breakout. Without an expansion of volume, the breakout will lack conviction and be vulnerable to failure." stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal
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