P_S_trade

ETH 12h Bearish wedge - a fall signal

BINANCE:ETHUSDT   Ethereum / TetherUS
2 weeks have passed since the previous global idea was published. The time has come to correct it, since the idea work out stopped halfway.

The previous idea was published when the ETH price was $610, from where the clearly predicted fall stopped at $535 (a low was $530).
Then there was the predicted growth from the level of $535, but it stopped, exactly halfway to the target of $780-800, fixing a high $676.

The ETHUSDT price has been falling for the last 2 days. The fall stopped at the lower limit of the bearish wedge.
Now the most positive scenario that can be expected is a rebound to $650-655.

If buyers are unable to raise the price above $655, then sellers will start to press, lowering the price to $610 first.
And when the boundaries of the wedge break down, then the fulfillment of the "Bear Wedge" pattern with the lower targets of $450-480 is activated.

The option of fixing the price above $660 and moving further towards $800 is still unlikely.
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