ETH-BTC Wedge Breakdown Eventuality
Using more indicators
We can see similar MACD formations between these two price points (purple ovals)
Also similar price formations, with a common bounce of a MA line between the two
Evidence suggests that this wedge that has formed bullishly will break down, bearishly
A head and shoulders can also be identified on the RSI weekly chart
^ above idea suggests continuation, scrap that, bearish action is favored
This is the wedge above that price is currently within
We can see similar MACD formations between these two price points (purple ovals)
Also similar price formations, with a common bounce of a MA line between the two
Evidence suggests that this wedge that has formed bullishly will break down, bearishly
A head and shoulders can also be identified on the RSI weekly chart
^ above idea suggests continuation, scrap that, bearish action is favored
This is the wedge above that price is currently within
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