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UnknownUnicorn10957531
Oct 29, 2021 10:07 AM

Rising wedge and bearish divergence. Short

BINANCE:ETHUSDT1D
Ethereum / TetherUSBinance

Description

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Non technical indicators that might support this idea;

- ETH gas prices continues to be unreasonably high and ETH 2.0 won't be rolled out until 2022
- Shiba Inu might be a sign of the market overheating (We all remember what happened the last time a memecoin entered the top 10...right?)
WedgeTechnical IndicatorsFundamental AnalysisRising WedgebearishdivergenceDivergenceEthereum (Cryptocurrency)ETHETHUSDethusdshort
Comments
bolajigold17
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btc price affect eth unless btc goes on dip this prediction remain false and eth is doing better on a long
UnknownUnicorn10957531
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@bolajigold17, a prediction cannot be false before the event has taken place. So it cannot "remain" false, it can however be proven wrong.
bolajigold17
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@Hmwh, okay let see how it play out
swaydanmohamad
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Second peak in chart is not developed yet . Still active upward trend and momentum.
bolajigold17
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@swaydanmohamad, yeah still experiencing long
UnknownUnicorn10957531
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@swaydanmohamad

This idea of mine dow not seem as far fetched today...Right?
bolajigold17
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@Hmwh, now bearish
aliLimitlessmoney
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False
UnknownUnicorn10957531
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@aliLimitlessmoney,

You know it is theoretically impossible to call a prediction false...BEFORE it has taken place...right?
UnknownUnicorn10957531
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@aliLimitlessmoney well, don't you feel like a proper tool right about now?
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