Looks like ETH is going to break out soon.
ASSUMING it does breakout, it'll go up and reach (A) hitting approx $700, thus creating a Negative Divergence marked by the Big white dotted arrows,Also the red resistance line on the RSI should help stop the Bull trend.
seems like were going to follow the trend from last year as far as how prices shot up Late 2017 and...
Rising Wedge broke down , (on a previous post I stated a falling wedge was forming, which was too optimistic on my part cus BTC don't give a damn!)
So, now we can see that the rising wedge broke down and BTC is kicking back up to test resistance.
It should make its way down to bear town pretty soon
So first off a short term Bearish because of the Falling Wedge (yellow pattern) that needs to finish its cycle before it comes up (following the green lines)
Once the Falling wedge is over
The Double bottom in blue dotted lines will start to take shape, too soon to call? maybe but what reinforces my opinion is the Weak Bull Divergence in Red Dotted lines , also...