With ETH tending to follow BTC, and both looking to test upper resistance, it is possible a failure to breach could result in a breakdown out of the rising wedge. The last breakdown hit the 1.618 fib, and could do so again. Perhaps a BTC run above 12k will pull ETH with it, who knows. Keep a lookout and trade safe!
ETH has broken down out of the rising wedge, but has not plummeted just yet. Perhaps we are still holding close and waiting for BTC to signal. A head and shoulders is now forming on the downward holding pattern, signaling a pullback to .786. Consider the likeliness that ETH will likely decline in the short term.
ETH has broken down out of the rising wedge, but has not plummeted just yet. Perhaps we are still holding close and waiting for BTC to signal. A head and shoulders is now forming on the downward holding pattern, signaling a pullback to .786. Consider the likeliness that ETH will likely decline in the short term.