ScotianBot

Fake-out of an Ascending Triangle for ETH?

COINBASE:ETHUSD   Ethereum
Or, will the Moon Boys come back into the market & Ethereum will find some buying pressure around the blue upward sloping support of the Ascending Triangle.

There have been multiple rejections on the horizontal resistance of the pattern, the more a trend line is touched the more likely it's going to be broken, in either direction.

I have drawn a green pathway to represent a potential hypothetical scenario.

The RSI & KST don't indicate much on this time-frame besides being oversold on boh indicators.
Penafian

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