If ETH breaks below descending triangle, the price will very much likely re-test the main trend-line. It might re-test the support as a resistance and then fall back to the turqoise line in the bottom.
Please do your own research and as always,
HAPPY TRADING HUNTERS!
Note
I've created the position after confirmation // 1326$ Entry Short Position*
Trade active
I have lowered the stop-limit to secure some profits.
New Stop-Limit: 1325$
Trade active
Possible routes of ETH/USDT Pair after completion of the formation.
Trade active
Bounce from 1250$ levels are incoming.
You can either close position and take profit or lower the stop-limit and wait confirmation on even lower correction to 1154$ levels.
Trade active
New Stop-Limit: 1295$
Trade closed: target reached
GOOD HUNT TODAY DEAR TRADERS!
You can either close position or lower the stop-limit as it goes down.
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