Don’t get over excited on ETH. Here is why (part 2)
Hi crypto traders,
This is a follow up on my other analysis on ETH and the reasons I believe the ETH price may consolidate for longer than we think.
An ascending broadening wedge is usually a bearish formation with price target the bottom of the wedge. Although, this pattern have same odds to break to the upside, the RSI gave the direction already, which is bearish.
Stay safe and don’t forget that I provide ideas for you to trade but you should consider other trading ideas for a complete picture of the situation.
This is a follow up on my other analysis on ETH and the reasons I believe the ETH price may consolidate for longer than we think.
An ascending broadening wedge is usually a bearish formation with price target the bottom of the wedge. Although, this pattern have same odds to break to the upside, the RSI gave the direction already, which is bearish.
Stay safe and don’t forget that I provide ideas for you to trade but you should consider other trading ideas for a complete picture of the situation.
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