CryptoManiac101

ETH - BEARISH PATTERN WITH BULL INDICATORS - CryptoManiac101

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
ETH / USD TA

Here we are looking at an overall bear pattern which in bear market has over 72% of validating. Weekly chart for ETH does look much more bullish however until we actually see solid breakout from one of the ends of this pattern, we won't really know for sure. Currently there is a lower risk exposure to going SHORT vs LONG however you can always hedge your positions on lower times frame.
Comment: Wait until this thing breakout - there's no stopping it
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If it wasn't for the breakout attempt I would be expecting a drop down but I'm glad you pointed this out since we are feeling the same thing. This is still primed to go up further and if your top resistance yellow line is broken then a double top at 190 is what we are looking at. Thanks for the great post!
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same in BTC, :-)- Rising Wedges everywhere!
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