okay guys COINBASE:ETHUSD has been in a DESCENDING WEDGE (LIGHT RED TRIANGLE) for a while but is currently sitting on a support line (GREEN LINE) that if we connect the GREEN LINE to the top LIGHT RED LINE it forms a DESCENDING TRIANGLE which is a continuation triangle meaning that its possible for COINBASE:ETHUSD to reach the APEX of the DESCENDING WEDGE to finally reverse and start trending up in the meanwhile we can see ETH bounce off the support and touch the top LIGHT RED LINE or move sideways some days just my thoughts and wanted to share with you guys all likes are welcome and follow for more charts ...in the meanwhile I will keep an eye on ETH like a hawk in the sky
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Hello traders it's been about 4 days and ETH is still sitting on support moving sideways, IF YOU LOOK AT THE GREEN LINE WHERE ETH IS AT AND THE RED DESCENDING LINE IT FORMS A DESCENDING TRIANGLE MEANING THAT THE BULLS ARE LOSING AND AS IT NEARS THE APEX IT MIGHT FALL A LIL BIT MORE just my thoughts not financial advice
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Okay guys so we have been flirting with that GREEN resistance line for about a week now, and maybe more days to come keeps your stops in, if you jump in this trade not financial advice just my thoughts
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ETH finally decided to break the GREEN RESISTANCE LINE as expected depending on where it CLOSES we can expect the next move to be towards the red and yellow support lines around $410-$440 so be careful guys
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Just as expected ETH broke the GREEN LINE support and is know sitting on the RED SUPPORT LINE we can expect some side ways movement but a bounce would be awesome , so pay attention fam and lets make some greens
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Seems like a bounce of the pink and yellow resistance lines we can expect some side ways movement or some bouncing of the GREEN AND RED LINES but next few days are critical for ETH because its getting closer to the apex of the symmetrical triangle then I expect some upwards movement