ETH - wedge broken, target 2,100 USDTAfter a three-week contraction, the price broke above the upper boundary of the ascending wedge and the 1,870 USDT horizontal, confirming a change of momentum in favor of the bulls.
📌 Levels
- S1 1 870 USDT - top of the wedge, retest zone
- S2 1,800-1,820 USDT - base of the formation
- R1 1 900-1 920 USDT - local obstacle near trend lines
- R2 2,106 USDT - calculated wedge height target and March supply area
📈 Scenario
Holding S1 opens the way to R1; a consolidation above 1,920 activates the march to 2,100 USDT. A run-up to 2,200 is not ruled out with strong volume.
⚠️ Risks
A failure ⇩ 1,870 would indicate a false breakout; a move below 1,800 would bring the price back to the wedge and increase the chance of a test of 1,740.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.