Right-angled descending broadening wedge $ETH

As the timeline gets bearish again on ETH, I found an interesting pattern with a potential target at $6,600 area.

Here are some details about it:

- In 57% of cases, there is a bullish exit

- In 90% of cases, the minimum objective of the pattern is achieved by using the technique of the maximum
height of the triangle. In the event of a downward exit, the percentage drops to 70%.

- The failure rate is 6% (i.e. a horizontal exit).

- In 23% of cases, there is pullback in the case of a bullish exit and 33% in the case of a bearish exit

This pattern will be valid as long as ETH manages to hold above $4,000/$4,050 area on daily close.

Onwards🫡