ETH/BTC descending wedge
Updated
Descending wedge bullish pattern. Fits well with Bitcoin dominance chart.
Note
It seems the descending wedge only provided a weak reaction on the breakout (which retraced back instantly). But I would say that a long position can still be considered if this forms a rounded bottom shape. (symmetrical candle layout so far)IF this idea holds for the next few candles I will consider taking a position with the following targets:
Target 1: 0.0327 (previous high)
Target 2:
Note
Target 2: Red zone.
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