Ether Primed for Pre-Merge Rally After Wedge Breakout

Ether Primed for Pre-Merge Rally After Wedge Breakout

by Jeremy

The falling wedge begins wide at the top and contracts as prices move lower, causing the two descending trendlines to converge as the pattern matures. The converging nature of trend lines represents shallower lows, a sign of decreasing selling pressure. Therefore, a breakout is taken to mean a bullish revival.

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