$ETH Exactly as I predicted
ETHUSDT
Perp
2,299.01
+1.42%
Post
--Bearish
$ETH
$eth is forming Ascending Broadening wedge pattern in the 1h time frame ,
KEY POINTS -
Formation: Occurs after a bullish trend, signaling a potential top.
Trendlines: The upper resistance line and lower support line both rise, but diverge (spread apart), creating a megaphone-like shape.
Volatility: Price swings become wider with each successive wave.
Validation: Typically requires at least 3 higher highs and 3 higher lows.
Volume: Often increases during the formation and spikes on the breakdown.
If the price moves above the upper trendline (Resistance) then Bearish Trend will convert into Bullish Trend ( Sometimes happen this - rarely )
Wait for the break out and Confirmation .
Do Your Own Research #DYOR
Not a Financial Advice #NFA
Risky Trade set up -
Short - $2336
Stop Loss- $1480
Take Profit1- $2281
Take Profit2- $2197
Take Profit3- $2043
Take Profit4- $1960
{future}(ETHUSDT)
$eth is forming Ascending Broadening wedge pattern in the 1h time frame ,
KEY POINTS -
Formation: Occurs after a bullish trend, signaling a potential top.
Trendlines: The upper resistance line and lower support line both rise, but diverge (spread apart), creating a megaphone-like shape.
Volatility: Price swings become wider with each successive wave.
Validation: Typically requires at least 3 higher highs and 3 higher lows.
Volume: Often increases during the formation and spikes on the breakdown.
If the price moves above the upper trendline (Resistance) then Bearish Trend will convert into Bullish Trend ( Sometimes happen this - rarely )
Wait for the break out and Confirmation .
Do Your Own Research #DYOR
Not a Financial Advice #NFA
Risky Trade set up -
Short - $2336
Stop Loss- $1480
Take Profit1- $2281
Take Profit2- $2197
Take Profit3- $2043
Take Profit4- $1960
{future}(ETHUSDT)