ETH major descending triangle
ETH / USDT
ETH is forming a giant descending triangle and right now Price is testing important key zone of 1300-1250$
What Next ?
1- if bears break 1200$ it’s likely to continue the dump to 1000$-800$ levels and there we have a chance for a double bottom
2- if bulls save current key level .. we will have another minor pump to test 1600$ (major trendline resistance) Before dumping again
Important Note : there is no real bull rally below the major trendline (violet color in my chart ) any thing below it is a bear’s territory
ETH is forming a giant descending triangle and right now Price is testing important key zone of 1300-1250$
What Next ?
1- if bears break 1200$ it’s likely to continue the dump to 1000$-800$ levels and there we have a chance for a double bottom
2- if bulls save current key level .. we will have another minor pump to test 1600$ (major trendline resistance) Before dumping again
Important Note : there is no real bull rally below the major trendline (violet color in my chart ) any thing below it is a bear’s territory
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.