ETH ready to break? descending triangle

BITTREX:ETHBTC   Ethereum / Bitcoin
just my 2 satoshi's worth

Descending triangle
The descending triangle is the opposite of the ascending triangle in that it gives a bearish signal to chartists, suggesting that the price will trend downward upon completion of the pattern. The descending triangle is constructed with a flat support line and a downward-sloping resistance line.

Similar to the ascending triangle , this pattern is generally considered to be a continuation pattern, as it is preceded by a downward trendline . But again, it can be found in an uptrend.

Read more: Analyzing Chart Patterns: Triangles
Follow us: Investopedia on Facebook
Comment: who said TA doesnt apply to crypto currencies?
Comment: pretty much spot on! well done me.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out