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mielonka

Over 1yr Descending triangle on ETHBTC, but RSI oversold

Ethereum / Bitcoin (POLONIEX:ETHBTC)  
mielonka  
POLONIEX:ETHBTC   Ethereum / Bitcoin
Trend Analysis Chart Patterns Ethereum (Cryptocurrency) Bitcoin (Cryptocurrency) ETHBTC BTCUSD Descending Triangle reversal
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trendanalysis chartpattern ethereum bitcoin ethbtc btcusd descendingtriangle reversal
Looking at daily and weekly ETHBTC chart one can see a huge descending triangle, which in general is bearish formation, but not always. This time checking out other indicators I dont think it's going to break the bottom line, I rather expect a huge reversal from this point. It aligns with a.refent BTCUSD rally. Stay tuned.
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