LegionQ8

Ethereum can exit of triangle and continue to decline

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Hello traders, I want share with you my opinion about Ethereum. Looking at the graph, we can see how the Ethereum exit the upward wedge, broke through the support level 1680 and to decline. The price reached the level 1610, from which it bounced back, continued to rise and break through resistance area 1710-1725. Over time, the price formed an upward triangle, inside which it created a small consolidation. The price is now trading inside the triangle, and we see how the price retested the resistance level 1840, from which it bounced back and decreased. Currently, the price is near the support line and can continue to fall and exit the triangle. I think that after a possible exit from the triangle, the price can continue to decline, break through the support area and complete the consolidation. So I set goals for Ethereum in zone 1725-1710 and at support level 1680. Please share this idea with your friends and click Boost 🚀
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