Just started on technical analysis, any ideas?

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
87 0
Soooo is this a pennant?
And we basically will see a decrease in volume as this progresses and watch closely for any breakouts and increased in volume to determine if it's a bull/bear break?
Afterwards we use the original resistance lines and support lines and watch them closely to determine if they become good support and resistance lines?
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