Ethereum rising wedge

On the above daily chart price action prints within a rising wedge pattern since first testing 3000 dollars.

The rising wedge pattern is a trend continuation pattern. In 82% of cases it is observed the exit is bearish.

The wedge pattern is also a reliable predictor of price action forecasts. Take a measured move from the failed support to the bottom of the wedge support. This move will be repeated from the exit point once confirmed resulting in a further 22% correction to 2800.

Ww

Trade active:

Pack it up pack it in, let the dumping begin.

Trade active:

Dumpty dump... wait until 2800 at least.
If support fails to confirm, then 2300.

Trade closed: target reached:

Target was reached on April 13th. It will re-test.

Daily chart

Trade closed: target reached:

re-test complete.