ETHUSD ❕ ascending wedge
Ethereum is moving near the upper boundary of the uptrend channel, with price out of range.
Trading volumes are down.
Volatility has declined and the price has formed an upward wedge.
The price is in the overbought RSI zone (4H TF)
ETH came out of overbought zone (1H TF)
Price and RSI formed a bearish divergence (1H TF)
I expect Ethereum to initiate a correction after fixing under the support level.
Trading volumes are down.
Volatility has declined and the price has formed an upward wedge.
The price is in the overbought RSI zone (4H TF)
ETH came out of overbought zone (1H TF)
Price and RSI formed a bearish divergence (1H TF)
I expect Ethereum to initiate a correction after fixing under the support level.
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