ETHUSD - Careful trading, potential for lower lows

ETHUSD broke out of the bottom of the falling wedge for a giant dump. On the bounce, ETH has now rejected off bottom of the falling wedge indicating it has become resistance. Although we are already down heavily, it is possible that this selling pressure continues given the LTF bullish retracement was rejected. Tread carefully

Kommentera:

Needless to say eth did indeed make lower lows, I expect the bottom of the wedge that was broken will likely flip to resistance