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Looking at the macro for ETH (Bearish ascending wedge)

Ethereum (INDEX:ETHUSD)  
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INDEX:ETHUSD   Ethereum
Trend Analysis Chart Patterns Wedge ETH Ethereum (Cryptocurrency) Bearish Patterns vitalik Rising Wedge altcoin altcoins Contains image
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trendanalysis chartpattern wedgepattern eth ethereum bearish vitalik risingwedge altcoin altcoins containsimage
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Looking at ETH on the Line-Chart set to weekly, we can see a familiar pattern similar to the BTC wedge I've posted previously:
Macro rising wedge for BTC forming

ETH has 3 choices at this current moment:
- Unexpected wave of bullish momentum propels it to the upside breaking the upper TL sparking a parabolic rally
- Slow depreciation in value to the lower support TL before rallying again
- Major selloff sparking a breakdown & freefall

Will update when direction has been decided.

ETH Bullrun Hasn't Started Yet
ETH/BTC pair looks ready for a run
ETHUSD ETHUSD ETHUSD ETHBTC ETHBTC BTCUSD BTCUSD BTCUSD BTCUSD BTCUSDT BTCUSDT
Commentaire:
Related charts are scattered throughout this idea:
Aggregate Of My Unpublished Charts
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