Bitcoin’s rising wedge pattern suggests potential for price pullback, according to crypto analyst Josh Olszewicz. The cryptocurrency’s 10-day rate of change has decoupled from rising prices.
The expected breakdown from the rising wedge should initiate an ABC corrective wave, with wave (a) expected to target support around $17.66 (0.382 Fibonacci retracement).
EUR/USD could lose ground amid a potential bearish reversal as the pair trading within a rising wedge pattern. The downward correction would be indicated if the 14-day RSI surpasses the 70 mark.