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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💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
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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.
🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
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.