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Welcome to this quick ETH update.
ETH is not looking good here. Forming a rising wedge in 6hr time frame which is a bearish pattern. ETH breaks down this rising wedge and currently retesting. After this retest, we might see more drop in ETH. Important support for ETH is at the $1220-$1230 level. Let's see how price reacts there.
Invalidation Level:- Breaks above $1300 will invalidate this rising wedge pattern.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank you!
Welcome to this quick ETH update.
ETH is not looking good here. Forming a rising wedge in 6hr time frame which is a bearish pattern. ETH breaks down this rising wedge and currently retesting. After this retest, we might see more drop in ETH. Important support for ETH is at the $1220-$1230 level. Let's see how price reacts there.
Invalidation Level:- Breaks above $1300 will invalidate this rising wedge pattern.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank you!
