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TheForecasters

ETH trading in a descending triangle. Breakdown possible!!

Ethereum / TetherUS PERPETUAL CONTRACT (BINANCE:ETHUSDT.P)  
TheForecasters  
BINANCE:ETHUSDT.P   Ethereum / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Ethereum (Cryptocurrency) ETH ETHUSD ETHUSDT
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trendanalysis chartpattern ethereum eth ethusd ethusdt
ETH is trading inside the 1hr green ichimoku and is approaching the top of this cloud quite fast. The top of this cloud lines up perfectly with top of this trend line. We believe that ETH will get rejected at this trend line and trade lower once again which will put it in a descending triangle. We will keep monitoring ETH.
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