ETH has been forming an ascending (top flat) triangle (since mid-october) from a previous breakdown, suggesting we are having ourselves a bearish triangle.
Seeing a possible E-wave up to 205 range, before breaking down. Still have to be cautious of unexpected spikes above EMA-line, that could possibly change the course of pattern.
This is not financial advice, just a fellow trader offering his thoughts.
Seeing a possible E-wave up to 205 range, before breaking down. Still have to be cautious of unexpected spikes above EMA-line, that could possibly change the course of pattern.
This is not financial advice, just a fellow trader offering his thoughts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.