Ethereum descending triangle
- Potential moves in ETH/USD based on technical analysis
*Price action is showing a descending triangle. The pattern
has been tested 6 times on the trendline and 8 on support
Descending triangles usually break downward.
on a Sell, take profit is around 265 (21% gain, 7% risk).
on a Buy, take profit is around 393 (10% gain, 5% risk)
volume has flattened when creating the pattern. In an ideal situation, we get a breakout with a spike in volume to confirm.
What do y'all think?
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