BrazilNutz

ETHUSD - Descending triangle within a rising wedge....

Short
KRAKEN:ETHUSD   Ethereum
I have my full Short position in ETHUSD. The rising wedge we have seen on declining volume over the past few weeks now has a descending triangle forming in what is in my view the end of this uptrend. I'm looking around $125 for my first take profit and $75 to close my position.

Many cryptos have bearish patterns forming and 360 analysis also sees SPY hitting upside targets, with Cryptos being the bell-weather by about a week.

short and sweet as its about to break!
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