j0v8008

ETHUSD Descending triangle? Big Downside?

COINBASE:ETHUSD   Ethereum
ETHUSD looks to be painting a descending triangle on the 1D chart. A recently completed H&S has sent eth further down, most likely to test the triangle support ($1700), I expect a bounce there for a potential long entry and a potential retest of the upper edge of triangle (~$2000)for a ~15% return. Breakout of triangle to the downside would likely lead to Support 2, but potential down cost averaging if you want to try and front load at support 1. Careful with catching knives though.


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