ETHUSD - Rising wedge
We can see that after a downfall we have a prolonged rising wedge with bearish divergence. In addition to that, we have a historical resistance at $195-200 so this gives bigger chance of reversal. On the bullish hand, if ETH breaks $200 and confirms it as support, this chart will be invalid and bullish momentum will be preserved. Follow closely BTCUSD movement also, as it is heavily correlated.
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