$ETH broke the descending wedge and the chart points to an ambitious target
In the 3-day timeframe,
$ETH has just confirmed the breakout of a descending wedge, one of the most reliable bullish reversal patterns in technical analysis.
Price is trading at $1,925 after breaking the resistance it has been compressing the move around for months. The breakout is highlighted by consecutive bullish candles, and this isn’t noise—it’s confirmation.
The trade shown on the chart:
🟢 Entry: current zone around $1,925
🎯 Target: $4,979 (+158% from entry)
❌ Stop Loss: $1,523 (-20% from entry)
📊 Risk/reward ratio: approximately 8:1
You risk 1 to gain 8. In trading, that kind of asymmetry doesn’t show up every day.
Why this pattern matters:
A descending wedge in the 3-day timeframe isn’t a minor signal. It’s a structure that took months to form, and when it breaks to the upside, it often projects a move proportional to the size of the wedge. The $4,979 target isn’t an arbitrary number—it’s the technical projection of the pattern.
What to watch for:
That price doesn’t fall back into the wedge after the breakout. If ETH closes a 3-day candle below the broken resistance line, the breakout is invalidated and the stop loss comes into play.
The stop at $1,523 is clearly defined. That’s what makes this structured trade: you know exactly how much you’re risking before you enter.
This is not financial advice. Always define your position size according to your risk management.
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