Chart is pretty self explanatory. I'm more inclined to believe the top scenario. Descending triangle would signal bearish continuation, since the trend was bearish leading into it. Depending on how you draw the support line, ETH may be making a descending wedge. The descending wedge would be a reversal pattern in this case. What do you guys see?
Note
Here's what Bitcoin did in 2018.Note
It wasn't pretty, unless you were waiting for an opportunity to buy :).Disclaimer
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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.