EthereumShort
ETH Descending triangles
As ETH wasn't able to break 195 overhead resistance, we will very likely to continue inside this descending channel down. As you can see price action showing possibility to form another descending triangle (not yet confirmed). I don't see any support between 195 and 80 so I expect nasty fall back to previous lows and probably new lows. On the opposite site bullish scenario would be retest of 195 resistance.
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-DP-
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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.