ETH sitting right on its 20day EMA at the moment and approaching the end of another rising wedge ( bearish )- See Previous Charts - Following an ABCDE pattern from the previous rising wedge it broke below - Bearish divergence on the RSI - Expecting further downside, watching for a long-term entry circa/sub $2,000
ETH forming a symmetrical triangle- will be watching closely to see which way it breaks for possible long entries. - Buyer volume is drying up and bearish divergence on the RSI - Bearish Gartley formed on the 30-minute timeframe
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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.