BTC and ETH technical highlights:
- BTC/USD trampling the water sideways, 28,600 high views
- ETH/ USD works to create a nice-looking shrinking wedge
BTC / USD continues to sway sideways, more downs are expected. There could still be a bit of a rally from here to about 36,000 corners and it still has a declining look. In fact, it can make a definite wedge. In any case, a break of less than 28600 will be taken to launch new sales to at least the 2017 high of 19666.
ETH / USD forms a nice-looking wedge that is ready to send it lower. The pattern may, of course, rise upward, breaking the trend line on the upper side of the pattern, but this is considered a less likely result. The distribution below 1700 has a focus of 1420 and lower. The size of the wedge means that we can see the measured movement up to about 700.
Watch the video above for full details.
BTC / USD daily card
ETH / USD daily card
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