asquaredps
As we can see from the chart there is an indication of both a potential bull flag or pennant forming. Both patterns are similar origins and breakout, the common charatersitic is the rise in volume when the pole is foming and then it drops off during consolidation then it is followed by an increase in volume during the breakout It's too soon to confirm anything,...
Not a pro, can't really say what's gonna happen. It might bounce off or break it and continue its downtrend Let's see What do you think is gonna happen? (excuse the terrible drawing btw)
BTC has been trying to retest the ribbon for a while now, this upcoming retest is crucial. if it fails there's a slight possiblity it might be the start of the expected correction
On the 1 hour ETH/USD ETH will continue its downtrend