✴️ Ethereum's Rising Wedge Leaves No Room For Doubt

We have a perfect rising wedge that is already breaking bearish... It leaves no doubt as to the fact that Ethereum (ETHUSDT) together with the rest of the Cryptocurrency market is moving lower in a normal but fast correction.

This is the MACD (Daily TF)
snapshot

It is quite telling. The downward bias is really strong and already produced a double top pattern.

There are two bearish signals on the RSI (Daily TF)
snapshot

ETH's RSI lost its trendline support as well as moving below 50 in the reading (bearish).

Volume continues to drop, the calm before the storm.

Slowly, slowly down... Nothing is happening, everything is good then Boom!

Namaste.
Chart PatternsTechnical IndicatorsTrend Analysis

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