Ethereum / TetherUS
Short

ETHUSDT: Rising Wedge

1 206
After a growth we saw on ETHUSDT, price has reached to the resistance zone.

Currently, price is bouncing in a rising wedge pattern. As you know, rising wedges often tends to breakout to the downside.

Since price is at the resistance barrier and also has made a reversal pattern, we can expect a drop:

If the wedge pattern broken out to the downside and there was a candle closure below the pattern, I expect a drop on ETHUSDT.

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