Coinpedia-Market-Insight

Ethereum fighting resistance !!!

BINANCE:ETHUSDT   Ethereum / TetherUS
* ETH in 4H time frame forms a Rising wedge pattern with being on a crucial resistance.
* Rising wedge occurs when the price moves between two trend-line forming higher-highs and higher-lows. The lower trend-line works as support for the price and the upper trend-line as resistance.
* Rising Wedge appears with a wide bottom and as price moves up it becomes narrow.
* If the price breaks the lower trend-line ( support ) we can expect a move till $3200. ETH is bullish within the pattern or if it breaks the upper trend-line and resistance.

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