Will_Wortel

Next for Ethereum: Descending triangle -> BEAR or BULL (ETHUSD)

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Hi all,

Some of you requested so here it is. This is the 4hr chart of ETH / USD

Again: not too many words only the keypoints.

- Couple of months ETH is fighting against a big resistance
- Right now ETH is in a descending triangle , this is a continuation pattern so mostly with downwards break out (30/70 chance)
- If the bulls will win from this big resistance expect a BIG outbreak in the bull area. This would be a good buy signal for long positions.
- But if it loose again, expect a big downwards movement in the bear area. This will be a short opportunity.

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