Coinpedia-Market-Insight

Rising wedge pattern in Ethereum

BINANCE:ETHUSDT   Ethereum / TetherUS
* Ethereum in 4H time frame appears with Rising Wedge pattern.
* Rising wedge occurs when the price moves between two trendlines forming higher-highs and higher-lows. The lower trendline works as support for the price and the upper trendline works as resistance.
* Rising wedge appears with wide bottom and as the price moves higher the range becomes narrow.
* Ethereum can test the lower trendline ( support ) and bounce back, but if it break the support we can expect a drop till below support zone.

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