ETHUSD: falling wedge and the future
As can be seen, the big has been formed since August 17th. Although the is not very clear, I believe it still holds the property of a . So, the price could break up from the upper line in the near future.
Also, the are narrow, which could be a signal for a breakout. The price faced pressure from the lower band of the BB. we can see the price tried to break the lower band three times within the . That could be a signal but I do not base my analysis on that.
The remains low. Actually this is not a popular instrument, low is usual. But we could expect the to increases when a breakout happens.
The lines are about to cross and make a cross, also, the is in an upward trend.
So, let’s expect the price to go up.