ETH - A Continuation pattern formed.

Updated

For the last 2 weeks ETH has really been stuck in the doldrums and looks to have formed a symmetrical triangle. Possibly a flag if we get some more sideways movement still. If this is a traditional continuation pattern we are going to get more downside in the near future. There are some glimmers of hope that we could go higher with the MACD turning positive and that we have seen price supported over the last couple weeks. But does that mean it will just continue? We'll see from here!

Best of luck!

Happy trading and hodling,
-Sherem

Note

Previous idea as an FYI :

Sherem

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