Price action on the daily chart of ETH/USD ruptured the upper boundary of a falling wedge pattern in late September (drawn from the high of $1,744) and reached a high of $1,755 before pulling back and retesting the pattern’s upper limit.
With price now trending higher (seen through higher highs and higher lows) and the Relative Strength Index (RSI) testing the upper limit of its 50.00 centreline, could the retest of the upper boundary of the falling wedge be enough to draw in additional support and continue higher to the Pattern Profit Objective at $1,836?
With price now trending higher (seen through higher highs and higher lows) and the Relative Strength Index (RSI) testing the upper limit of its 50.00 centreline, could the retest of the upper boundary of the falling wedge be enough to draw in additional support and continue higher to the Pattern Profit Objective at $1,836?