VETUSDTPERP - 15 min chart possible reversal
Looking at VETUSDT on the lower time frame, seen as BTC and ETH have been pumping subsantially in the past few days.
What we see here is a broadening ascending wedge or "ascending megaphone" pattern. These tend to indicate a reversal at the top end of the wedge. Here I would look at the stochRSI and RSI to watchout for any possible divergences.
I believe we have a bearish divergence on the RSI here and would expect us to start correcting to the .09 cent region in the upcoming days or weeks.
Not financial advice haha.
What we see here is a broadening ascending wedge or "ascending megaphone" pattern. These tend to indicate a reversal at the top end of the wedge. Here I would look at the stochRSI and RSI to watchout for any possible divergences.
I believe we have a bearish divergence on the RSI here and would expect us to start correcting to the .09 cent region in the upcoming days or weeks.
Not financial advice haha.
Comment:
substantially* yikes.