Bearish Rising Wedge

Bearish rising wedges are a type of shape formed by candles where we see a sort of inching higher, with higher lows and higher highs leading to a tighter price range, ending either in a pullback type correction to consolidate previous price action, or to fake out and break out into higher highs. It's an important pattern to watch for which side it breaks to.

My opinionated prediction, not proven financial advice trade at your own risk, is that we will see some type of pullback correction on ETH back around 2200 once we get closer toward the end of the upward rising bearish wedge.

Beyond technical analysis, always look to the up side and down side traders. Happy trading out there.