ETHUSD ❕ falling wedge
After reaching the first target, the price stopped at testing the upper boundary of the descending channel.
During the current movement volatility decreased and trading volumes fell, but the price didn't fall into the descending channel.
Ethereum is under the liquidity level.
Now I expect the continuation of the formation of the descending wedge, which will cause the price reversal at fixing above the support level. I put the resistance level indicated on the charts as a target.
During the current movement volatility decreased and trading volumes fell, but the price didn't fall into the descending channel.
Ethereum is under the liquidity level.
Now I expect the continuation of the formation of the descending wedge, which will cause the price reversal at fixing above the support level. I put the resistance level indicated on the charts as a target.
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