Eth/btc trpped into a descending triangle
Ethereum price declined heavily ABOVE the 0.025BTC support level against bitcoin and lastly trapped into a descending triangle.
There is a significant bearish trend line formed with resistance at 0.0258BTC on the WEEKLY chart of the ETH/BTC pair.
The pair remains at a risk of more losses below the 0.025BTC support in the near term.
There is a significant bearish trend line formed with resistance at 0.0258BTC on the WEEKLY chart of the ETH/BTC pair.
The pair remains at a risk of more losses below the 0.025BTC support in the near term.
Note
Broke the triangle from the downside.Trade closed: target reached
Target reached. nice trade
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