Technical analysis by mnrehmanpk about Symbol ETH: Buy recommendation (9/27/2023)

ETHUSDT ( 1 day time frame ) stuck in falling wedge pattern & trying to brakeout , soon we will see its breakout , i am observing it . after breakout it will be long longA Falling Wedge is a bullish chart pattern that takes place in an upward trend, and the lines slope down. A Rising Wedge is a bearish chart pattern that's found in a downward trend, and the lines slope up. Wedges can serve as either continuation or reversal patterns.How do you trade a rising or falling wedge pattern? Identify the wedge on a chart. ... Watch for the breakout. ... Confirm the breakout. ... Enter the trade. ... Set a stop-loss order for the trade. ... Set a profit target or choose how you will exit a profitable position. ... A trailing stop-loss could also be used.falling wedge pattern breakout now retest and after retest it will hit 1680