ETH not looking too good. Next move down a matter of time?
As you can see ETH has been consolidating in a bearish descending triangle in the same pattern as we had in order to break $100.
If we fail to break out and hold above $90 then we will restest the support at $80.00.
CFM still under 0 on most time frames which is not looking that good.
Breaking this will lead to swift losses.
Slowly building a short through the pattern.
GL - Shibe
If we fail to break out and hold above $90 then we will restest the support at $80.00.
CFM still under 0 on most time frames which is not looking that good.
Breaking this will lead to swift losses.
Slowly building a short through the pattern.
GL - Shibe
Trade active:
Short opened at $100 block