Pay close attention to the declining wedge of ETH's weekly level, and the triangle formed by 1700 as the base line-declining trend line

2021-07-19440

Tag: WaitBTC

高度关注ETH的周线级别下降楔形,及以1700为底边线-下降趋势线构成的三角形

1. Descending wedge: Generally speaking, the descending wedge can only break upward when it touches the downward trend line for the fourth time. At present, it has not been touched for the third time. Therefore, this rebound has a high probability of going down after reaching the upper line of the rising wedge, near 1750. The rebound broke through the downward trend line suppression.
2. Triangle, not repeat it. The overlap of these two patterns is supported at 1750-1800

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