ETH moving down
ETH retested the 50% Fib line and bounced off at a lower high than previous. There is a pennant forming with a higher low than earlier also. If true pennant is forming, previous downward trend will continue.
Note
Looks like confirmation of pennant/flag formation. Usually means previous trend resumes soon. I still believe down in next day or so.
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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.