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alouaked
Mar 22, 2019 4:04 AM

ETH/BTC Symetrical triangle formation Short

Ethereum / BitcoinBinance

Description

Looking at the daily chart we can see a clear symmetrical triangle form. In theory, this indicates a continuation of the trend (ie bearish). The declining volume also confirms this theory. A break should be imminent. if bitcoin price slides as well, ETH could dip very sharply.
please feel free to comment on this analysis as you see fit
Thank you :-)
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