ETH bearish short term but bullish long term. Equal opportunity for bulls as well as bears to grab. Ethereum, the second largest cryptocurrency by market capitalisation, has formed technical patterns on the short term as well as long term charts that would provide equal opportunity to bears as well as bulls to take the battleground in their control. ETH/USD is up half a percent on day at $175.07 and trading in just about one percent range for the day. On the hourly charts, the crypto is forming a rising wedge – potentially bearish for the prices in the immediate term which could result in sharp downtick once the prices break on the downside. However, the formation of golden cross which has just occured, would provide some relief for the bulls and they won’t spare this opportunity provided by the bears when prices sink lower. BTC/USD 60-minute chart: BTC/USD daily chart: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Ripple’s XRP: Missing in the action FX Street 4 years ETH bearish short term but bullish long term. Equal opportunity for bulls as well as bears to grab. Ethereum, the second largest cryptocurrency by market capitalisation, has formed technical patterns on the short term as well as long term charts that would provide equal opportunity to bears as well as bulls to take the battleground in their control. ETH/USD is up half a percent on day at $175.07 and trading in just about one percent range for the day. On the hourly charts, the crypto is forming a rising wedge - potentially bearish for the prices in the immediate term… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
