ETHUSDT getting wedged right now
Some bearish signals seen for ETH and those who bought yesterday's rally are pretty disappointed today. Then again, this is not the business of "always works" so let's wait and see how this plays out. The context is good for a swing lower but something tells me the bulls may have a fighting chance in the near term. Only time will tell if that something is correct though.
One thing the bulls need to stay in play in the near term is for the altcoin market cap to stay bullish above 155 billion. A return to below that level spells probably more sideways to down price action for the market (in the near term).
Note that one may alternatively draw the wedge this way so that it shows no breakout yet:
My 2 sats worth.
One thing the bulls need to stay in play in the near term is for the altcoin market cap to stay bullish above 155 billion. A return to below that level spells probably more sideways to down price action for the market (in the near term).
Note that one may alternatively draw the wedge this way so that it shows no breakout yet:
My 2 sats worth.
تعليق:
Trading back below 475 after a bit of time above. Let's see if it's looking to re-test 430.
Trapped bears.
Happy bulls.