ETH has broken the rising trend line (the red one) and formed a descending triangle. I think it is probable to have a drop in price and the first support should be around 194.
Also we have lower highs in RSI that confirms the idea. The same pattern could be see in the bigger time frame.
What do you think?
=================================
Note:
I'm new to TA and try to learn from your comments and test myself, Please give me your valuable feedback! Thank you
Also we have lower highs in RSI that confirms the idea. The same pattern could be see in the bigger time frame.
What do you think?
=================================
Note:
I'm new to TA and try to learn from your comments and test myself, Please give me your valuable feedback! Thank you
Comment:
It seems we had a fake breakout and the idea is still valid. How do you think?
Comment:
I seems further drop is his the way.
