Ethereum's Triangular structure
Ethereum moves inside a triangular structure, but still the underlying trend is bearish. The triangular structure usually is a continuation pattern, so the main scenario is for ETH to continue descending. MACD and Sthoch are pointing to this diretion.
A potential movement above $195 would be a good trigger to go long, as the last bullish candle show buyers are waiting for a reason to buy.
A potential movement above $195 would be a good trigger to go long, as the last bullish candle show buyers are waiting for a reason to buy.
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