Logaritmic chart.
White Lines - weekly (W) trend line
Blue lines - daily (D) trend line
Yellow Lines - hourly (H) trend line
Recent double top pattern on daily, rejection at weekly ressistance, price trending to medium term weekly trend line. Also bearish daily MACD crossing.
Reaching potential trend change after several bullish weeks. Obviously a lot of unknowns. Need to track BTC dominance (going up) and price (going down).
Etherium has recently been losing steam and underperforming competitors like BNB. With the recent volatility and bad news with USA capital tax increase we could see more downside.
Possible Head and shoulder reversal forming on the 4H chart, also coupled with negative MACD and RSI / price divergence at key level.
Red lines = weekly
Blue lines = daily
White lines = hourly
