ETHUSD is pretty much at its local top on this rising wedge pattern and will likely see some resistance from here on bearish 4-hour divergence. However, other Cryptos only retraced 0.236, went sideways and have broken bullish with volume (XLM for example) thus creating a leading diagonal. I have been stopped out on several short trades and will be watching any failed breakdown on my ETHUSD short to get out on a small profit (or loss) if this turns out Bullish.
This could also be a warning for the global markets, watch how SPY breaks down, no volume and we could see a final wave 5 push to new highs.
This could also be a warning for the global markets, watch how SPY breaks down, no volume and we could see a final wave 5 push to new highs.