ETHUSDT
Thoughts
On the ETHUSDT chart, a Bullish Wedge pattern is forming.
A "bullish wedge" is characterized by narrow upper and lower boundaries that approach each other, forming a wedge-shaped structure. It often signals a possible trend reversal in favor of the bulls, especially if it forms in the context of a downtrend.
At the same time, it is worth considering that the observed wedge has some inconsistencies with the ideal pattern, which can mean a lot of uncertainty and risk.
When analyzing ETH, it is always important to consider the dynamics of BTC, since BTC contains the bulk of the capitalization.
Thus, despite the appearance of a bullish wedge on the ETHUSDT chart, we recommend focusing on the big picture, including the behavior of BTC. As always, carefully calculate your risks and act strictly with a cool head.
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Thoughts
On the ETHUSDT chart, a Bullish Wedge pattern is forming.
A "bullish wedge" is characterized by narrow upper and lower boundaries that approach each other, forming a wedge-shaped structure. It often signals a possible trend reversal in favor of the bulls, especially if it forms in the context of a downtrend.
At the same time, it is worth considering that the observed wedge has some inconsistencies with the ideal pattern, which can mean a lot of uncertainty and risk.
When analyzing ETH, it is always important to consider the dynamics of BTC, since BTC contains the bulk of the capitalization.
Thus, despite the appearance of a bullish wedge on the ETHUSDT chart, we recommend focusing on the big picture, including the behavior of BTC. As always, carefully calculate your risks and act strictly with a cool head.
If you like the idea, don't forget to subscribe and rate like👍