ETHUSD was identified at around 3454.13 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 3554.7074 level.
Supported by Upward sloping Moving Average
Target: 3554.7074 Entry: 3454.13 Stop: 3383.7
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