AlgoTradeAlert

$ETHUSD Bearish Rising Wedge

BITSTAMP:ETHUSD   Ethereum
A bearish rising wedge in technical analysis is a chart pattern characterized by converging trend lines, forming an ascending wedge shape. It suggests weakening momentum and potential for a downward reversal. Traders often interpret this pattern as a sign of an impending bearish move in the market.

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.