After the 10500 trial, Bitcoin switched to the drop trial,
and a new decreasing triangle occurred. Along with the decreasing triangle,
there was a great retreat in BTC and targets were retracted from $8250 to $ 8080.
200-day moving average and 50-day moving average are about to collide in Bitcoin.
As long as this happens, Death cross. Ethereum can go as low as $ 198-201 on the decreasing channel.
The chart we share is valid as long as Ethereum does not exceed $ 238-241.
After the reduced triangle, after breaking the triangle, the target will be: $ 9890.
Thus, it will remain in the upper band of the $ 9800 resistance. In order for this idea to come true, it needs to close over $ 9780.
According to this scenario, Ethereum may rise accordingly.
I think that, If it doesn't stay above $268, the target is $240-247$.
Ethereum may come up with a withdrawal after a sudden pump.
While completing the Head and Shoulders formation, a sudden pump was moved upwards and there was an increase in volume.
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I have been studying TRX chart for a long time and I think it is very likely that TRX can make obo formation.
After the Head and Shoulders is completed, there may be a new downtrend with the lines I mentioned.