Crypto Trade Bitcoin:
Filecoin is facing the lower boundary of the descending triangle formation on the weekly timeframe.
The price is bouncing from major support that has held strong since 2021.
Breaking above the MA 50 would confirm bullish momentum for the pattern.
A successful bounce could trigger movement toward $16.50.
ETH/USDT ANALYSIS
ETH has broken down from the ascending broadening wedge pattern on the weekly timeframe with significant volume. It is currently retesting the pattern from below, while the Ichimoku Cloud acts as a resistance barrier above the price action.
If the retest is successful, it could confirm a continuation of the downward move. However, if the retest fails and ETH reclaims the pattern, we may see further price action within the wedge. This is a key level to watch closely.