ETH on the back of hotter-than-expected US CPI
Updated
The breakdown is recent and a longer-term continuation should be confirmed by an acceleration below the aforementioned descending supports.
Notice I work with channel lines only. Questions are welcome.
Notice I work with channel lines only. Questions are welcome.
Comment
The invalidation happened, and we got an upside breakout instead of what seemed to be initially a bearish continuation pennant-shaped pattern.
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.