juliop90

ETH descending triangle

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BITFINEX:ETHUSD   Ethereum
hi all, I do think ETH will continue going down. As you can see, ETH is now doing in a descending triangle, which is dangerous. The triangle closes at the upper end of the big down channel and that will help to push it down as well. If you see the RSI, the dashed line comes from several days ago and ETH tried to brake it but it is going back. In the MACD it seems that we will have a bearish cross in the "sell" side. I do believe its still going way down. Monitor BRC as well.
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