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Kuaji

ETH short term downtrend continuation

Short
Kuaji  
BITMEX:ETHUSD   None
Trend Analysis Chart Patterns Candlestick Analysis candlestickpattern ETHUSD short Bearish Patterns continuationpatterns downtrend
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trendanalysis chartpattern candlestick candlestickpattern ethusd short bearish continuationpatterns downtrend
In coorelation to BTC, LTC, XRP and XLM, there is a significant downtrend. As shown on the chart, the two continuation candles show selling pressure. The two candles also bounced at support/resistance lines, which made them important.
In addition, there is a descending triangle looking to break downwards. Targets are indicated by the yellow arrows.
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