Hi dear traders
ETH is in a fluctuating range with a horizontal support line and a descending resistance line. This pattern is almost similar to the "descending triangle", which is a kind of continuous descending pattern.
According to the rules of technical analysis , the formation of this pattern is such that first the price falls completely below the support of the pattern and then decreases by the maximum height of the triangle.
If lost support area the pattern completed.
This analysis depends on the fundamental factors, so the possibility of upward failure.
It takes about a month to confirm.
Let's see what happens
This is not financial advice ( DYOR )
Good luck.
ETH is in a fluctuating range with a horizontal support line and a descending resistance line. This pattern is almost similar to the "descending triangle", which is a kind of continuous descending pattern.
According to the rules of technical analysis , the formation of this pattern is such that first the price falls completely below the support of the pattern and then decreases by the maximum height of the triangle.
If lost support area the pattern completed.
This analysis depends on the fundamental factors, so the possibility of upward failure.
It takes about a month to confirm.
Let's see what happens
This is not financial advice ( DYOR )
Good luck.