$ETH $ICP Trade call

Long Position

Entry : 13.2

13.0

Target 🎯 : 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 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. 

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