ETH perspective. Descending wedge structure and key supports
ETH has been trading in a bearish descending wedge, and is currently trading in a symmetrical triangle within the larger wedge. If minor support on the triangle fails, we will likely test the bottom of the wedge. If bottom of wedge breaks then we will likely test 1700 major support, and if 1700 fails could easily see 1300.
Any break above the bearish descending wedge represents the formation of a new trading pattern.
I will be going long from major supports with tight stops. I do not plan too short
This is not trading advice, do your own due diligence!
Any break above the bearish descending wedge represents the formation of a new trading pattern.
I will be going long from major supports with tight stops. I do not plan too short
This is not trading advice, do your own due diligence!
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