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goncalo1971

ETH on the back of hotter-than-expected US CPI

Short
Ethereum (KRAKEN:ETHUSD)  
goncalo1971 Updated   
KRAKEN:ETHUSD   Ethereum
Chart Patterns Trend Analysis Ethereum (Cryptocurrency) crash CPI
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chartpattern trendanalysis ethereum crash cpi
The breakdown is recent and a longer-term continuation should be confirmed by an acceleration below the aforementioned descending supports.
Notice I work with channel lines only. Questions are welcome.
Comment:
The invalidation happened, and we got an upside breakout instead of what seemed to be initially a bearish continuation pennant-shaped pattern.
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