ETH: WHERE IT GOES AFTER THE MERGE EVENT?
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Welcome to this ETH update.
ETH is forming an ascending broadening wedge pattern in a 4hr time frame which is generally a bearish pattern. After a few hours, the ETH merge event is going to take place and IMO this is the sell the news event. Still, for confirmation, ETH needs to break below the lower trendline of the wedge.
Overall things look bearish here.
What do you think about this?
Do you think that after the merge event it's dumping hard or do you think that it is going to pump from here?
Share your views in the comment section.
if you like this idea then do support it with like and follow.
Thank You!
Welcome to this ETH update.
ETH is forming an ascending broadening wedge pattern in a 4hr time frame which is generally a bearish pattern. After a few hours, the ETH merge event is going to take place and IMO this is the sell the news event. Still, for confirmation, ETH needs to break below the lower trendline of the wedge.
Overall things look bearish here.
What do you think about this?
Do you think that after the merge event it's dumping hard or do you think that it is going to pump from here?
Share your views in the comment section.
if you like this idea then do support it with like and follow.
Thank You!
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