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ETHBTC - Ascending Wedge, part of overall bearish pattern

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On the 1H, there is an ascending wedge happening. There still seems to be major resistance around 0.0333. That will intersect with the larger descending wedge on 28 September, and I suspect it will have a major drop from there, forming a new lower high and a new lower low, likely below 0.030.

Nota

The current price has exceeded the larger descending wedge. Is this going to be a successful breakout or not? There is still resistance in that 0.0333 region. Given the many other bearish signals, including the head and shoulders pattern, I see this breakout being unsuccessful and still anticipate a drop coming within the day.

jamey5k

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ETHBTC - Bearish Signals Continue, w/short-term bullish tre

oleh jamey5k

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