๐ $ETHFI : A Breakout in the Making? ๐
$ETHFI is currently resting on the support of a Falling Wedge formation on the daily chart. This setup is historically a bullish reversal pattern, indicating that a major breakout could be on the horizon! ๐๐ฅ
Whatโs Happening?
๐น The price is respecting the wedge support, showing signs of accumulation.
๐น A bounce from this level could lead to a powerful 120-130% rally in the midterm.
๐น Volume buildup suggests that buyers are getting ready to push higher.
Key Technicals to Watch:
โ Falling Wedge Resistance โ A confirmed breakout will trigger a bullish move.
โ Support Holding Strong โ As long as the wedge support is intact, upside potential remains strong.
โ Momentum Indicators โ RSI and MACD are showing early signs of trend reversal.
Potential Upside Targets:
๐น First breakout move: +50% gain
๐น Full wedge breakout: 120-130% upside in midterm
๐ If the breakout happens, weโre looking at an explosive rally! ๐
Are you positioned for the move? Keep an eye on #ETHFI ! ๐๐ฅ
