$ETH $ICP Trade call
Long Position
Entry : 13.2
13.0
Target 馃幆 : 13.5 up
Please set your stop loss and profit targets accordingly.
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Analysis is based on the falling wedge pattern as observed on the hourly timeframe .
Is a Wedge a Continuation or a Reversal Pattern?
A wedge pattern indicates a reversal. The reversal is either bearish or bullish, depending on how the trend lines converge, what the trading volume is, and聽whether the wedge is falling or rising.
Is a Falling Wedge Pattern Bullish?
A falling wedge pattern is seen as a bullish signal as it reflects that a sliding price is starting to lose momentum, and that buyers are starting to move in to slow down the fall.聽
