Shwayze

ETH moving down

Short
Shwayze Updated   
BITFINEX:ETHUSD   Ethereum
ETH retested the 50% Fib line and bounced off at a lower high than previous. There is a pennant forming with a higher low than earlier also. If true pennant is forming, previous downward trend will continue.
Comment:
Looks like confirmation of pennant/flag formation. Usually means previous trend resumes soon. I still believe down in next day or so.

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