The current trend of ETH clearly leads to a wedge pattern.
The method is similar to the technique used from April to August for rallying, except one is an upward trend and the other is a downward trend.
The image can help to understand this concept well.
Leading wedge: the "starting gun" of the trend.
Think about it, before a major race starts, do athletes not have to be ready on the starting blocks? The leading wedge is the market trend's "starting block".
It usually appears before a big wave of market movement begins. It looks like the price oscillates back and forth in an increasingly narrow channel, but this channel is overall slanted.
The most critical point is: its slant direction is opposite to the big trend that is about to come!
For example, if the market has been falling for a long time and is lingering at the bottom. At this moment, a leading wedge appears, which is slanted upwards — the lows and highs of the price are gradually rising, making you feel like a rebound is about to happen. But in fact, this is a "false move" that accumulates the last energy for the drop. When the price finally breaks through the lower line of this wedge, it is equivalent to the starting gun going off, telling you: "Attention, the new downward trend has officially begun!"
So, remember its essence: "To bring about its destruction, first make it crazy." It uses a wave of reverse "false market" to trick people in, and only then does it start the real trend.
The method is similar to the technique used from April to August for rallying, except one is an upward trend and the other is a downward trend.
The image can help to understand this concept well.
Leading wedge: the "starting gun" of the trend.
Think about it, before a major race starts, do athletes not have to be ready on the starting blocks? The leading wedge is the market trend's "starting block".
It usually appears before a big wave of market movement begins. It looks like the price oscillates back and forth in an increasingly narrow channel, but this channel is overall slanted.
The most critical point is: its slant direction is opposite to the big trend that is about to come!
For example, if the market has been falling for a long time and is lingering at the bottom. At this moment, a leading wedge appears, which is slanted upwards — the lows and highs of the price are gradually rising, making you feel like a rebound is about to happen. But in fact, this is a "false move" that accumulates the last energy for the drop. When the price finally breaks through the lower line of this wedge, it is equivalent to the starting gun going off, telling you: "Attention, the new downward trend has officially begun!"
So, remember its essence: "To bring about its destruction, first make it crazy." It uses a wave of reverse "false market" to trick people in, and only then does it start the real trend.
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ETH
3,105
+1.66%
