Technical analysis by CriptoPedia about Symbol ETH: Sell recommendation (6/28/2023)

ETHUSD - short Do you see a bull flag, right? Something similar happened in early April as well. If we play with trendlines, we can find both a descending channel with a breakout (dashed lines - and then it appears to be a bullish formation) and a broadening wedge (bold lines - and then we will have a bearish structure until the breakout from it). I'm betting on the second structure, with a target towards its midpoint (target1) or even it's bottom (target2).