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#ETH - trading above the ascending wedge ⬆️
Despite the correction, the
#ETH chart shows numerous bullish signals: long shadows, ascending structure, holding above the trendline, a false breakdown of support - another trap from the market maker.
Considering these factors and technical indicators dipping below neutral, the market is seems like to be gearing up for further growth.
Ascending wedge breakout is also a bullish sign for
#ETH. However, given the broader correction, I'd wait for a confident retest of its upper limit before opening positions. If sellers fail to push the price back into the wedge, I'll consider a mid-term long position.
📊 The nearest resistance level for
#ETH and our first TP would be around $2760, the highest point since May 2022.
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@Cryptocurrency_Inside ✅
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