We have a perfect rising wedge that is already breaking bearish... It leaves no doubt as to the fact that Ethereum (ETHUSDT) together with the rest of the Cryptocurrency market is moving lower in a normal but fast correction.
This is the MACD (Daily TF)
It is quite telling. The downward bias is really strong and already produced a double top pattern.
There are two bearish signals on the RSI (Daily TF)
ETH's RSI lost its trendline support as well as moving below 50 in the reading (bearish).
Volume continues to drop, the calm before the storm.
Slowly, slowly down... Nothing is happening, everything is good then Boom!
Namaste.
This is the MACD (Daily TF)
It is quite telling. The downward bias is really strong and already produced a double top pattern.
There are two bearish signals on the RSI (Daily TF)
ETH's RSI lost its trendline support as well as moving below 50 in the reading (bearish).
Volume continues to drop, the calm before the storm.
Slowly, slowly down... Nothing is happening, everything is good then Boom!
Namaste.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd 👉 t.me/lamatrades/4
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.