ETHUSD (Kraken) 4 hour chart

ETHUSD (Kraken) 4 hour chart. There is that resistance in $1200 that needs to be broken. If we break it then we go to $1300. If not, then we form a wedge and a possible breakout in the end with the same target of $1300 with an extension to $1500. RSI is trending that a wedge might be forming. Alternate scenario we are not able to break the resistance and go back to $1000.