ETH short to 400 area

28 thg 8, 2022

In my opinion, ETH is developing a large broadening wedge and within it, a non-failure swing pattern that is playing out beautifully. If it hits that support, It will create resistance at 1350 then fall below down to the bottom of the wedge at 800 area. I believe it's final destination is ~400 and change.

This is all based on where price hits the support line for the 3rd time to complete the broadening wedge.