vanpunk

bearish fractal on eth?

COINBASE:ETHUSD   Ethereum / U.S. Dollar
i noticed a self-similar repeating pattern within the uptrend that started on september 12th. price has broken downward and deviated from the trend line out of each wedge to start a smaller wedge . forming a curved support. i've seen this sort of fractal many times in the past and it's almost always been a bearish sign. we also have decreasing volume in sync with the curve. and from the looks of it we may have just broken bearish out of the most recent wedge /channel yesterday. just thought all this was worth noting.
Comment: also could point out, that the supports also correlate nicely with the gann fan.
Comment: i think the 12-13% bear break last night speaks for itself :)