UnknownUnicorn1770111

Can u say... Falling Wedge (Eth)

BITFINEX:ETHUSD   Ethereum
Looking at a setup for Eth/Usd short term downtrend reversal here. Note the large bullish falling wedge in green starting at $720. There is a nice floor and strong support in blue around $370, the wedge is currently consolidating beautifully. Looking for increase in volume in the next few days to spark the upwards break out. Once price breaks wedge ceiling and establishes new trend there are two targets. The first is $580. There is decent resistance there. After that the next stop is back to the top of the pattern at $720 area. Cheers mate!

Penafian

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