Our algorithm has shown a rising wedge in ETH which is one of our favorites patterns.
That's because when you find a rising wedg during a trendline, the outcome is incredibly useful.
If the pattern is broken downwards as expected you know that the trend is not over and you can still take advantage of shorts.
Sometimes, a rising wedge breaks the upper trendline of the pattern during a bearish market. That happens always after a large decline and means that after a long period of accumulation there is no more offer and demand is back.
Breaking the upper blue line would be a sign of a new era in ETH.
That's because when you find a rising wedg during a trendline, the outcome is incredibly useful.
If the pattern is broken downwards as expected you know that the trend is not over and you can still take advantage of shorts.
Sometimes, a rising wedge breaks the upper trendline of the pattern during a bearish market. That happens always after a large decline and means that after a long period of accumulation there is no more offer and demand is back.
Breaking the upper blue line would be a sign of a new era in ETH.