After downgrade of ICP you can see the power of support and resistance are trying to be same.
If the candelas breakout from the above of the last edge of the wedge, the reverse protentional will going to $37.
Good luck
There is a nice Bat pattern in the chart for a bullish trend reversal and the target is approx. $0.0008
The price is trying to come back to the right leg of triangle and then going up to complete the pattern.
Ethereum is in the range of the descending channel, but in the long trend is in an ascending channel that has broken in the beginning of 2022.
It is now in the important support range of $1,700 and we should see a high probability of a positive reaction.
Both the uptrend channel support and the Fibonacci support point are all likely to make an impact.
The trend...
We are currently in a long-term uptrend, which has intensified sharply since March 21, 2020, and continued until April 2021 due to the Corona Virus and economic impacts. However, this trend experienced a rapid decline due to numerous news and high price rises, which then went back to the previous price and even higher, causing a fake exit to its downtrend channel,...
According to the chart, the marketcap trend should change little by little and the money in this currency should be emptied and transferred to the market.
This volume of Tether has been unprecedented since March 2021 That was the beginning of the big Bitcoin uptrend, as well as the resistance range has been touched.
