ETH/USD is forming rising wedge pattern.
All in place:
- at least two reaction highs to form the upper resistance line, ideally three, each reaction high should be higher than the previous high
- at least two reaction lows are required to form the lower support line, each reaction low should be higher than the previous low
- ideally, volume will decline as prices rise and the wedge evolves
REMEMBER - always wait for confirmation.
All in place:
- at least two reaction highs to form the upper resistance line, ideally three, each reaction high should be higher than the previous high
- at least two reaction lows are required to form the lower support line, each reaction low should be higher than the previous low
- ideally, volume will decline as prices rise and the wedge evolves
REMEMBER - always wait for confirmation.
Comment:
Drop is coming
Comment:
Descending triangle found after wedge broke downward
Another sign of down-trend
Another sign of down-trend
Comment:
ETH broke bottom of descending triangle.