Descending Triangle - ETH/BTC - SHORT
Updated
Reversal at strong resistance line @ .08 ---> heading back down to .06570 baseline of Triangle.
Possible reversal back to the descending trend line, then watch for the break below .06570, taking us to lower key levels.
Watch for increased volume during sell-off.
Possible reversal back to the descending trend line, then watch for the break below .06570, taking us to lower key levels.
Watch for increased volume during sell-off.
Note
Possible C+H forming?Note
Trade closed manually
Waiting for a break of key price level down to triangle's baseline or the bullish confirmation of a C+H breakout.Long Position: place buys above the upper trendline of the Handle.
Short Position: wait for deviation from Handle channel and a break below key Kumo level
....let's wait and see
Trade closed: target reached
Small profit from bullish break from C+H; still looking to make the SHORT down to the baselineNote
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