ETHUSDT Perpetual Contract
Panjang

ETH Triangle Breakout Re-Test

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Right now ETH is deciding it's fate in the coming months. If we bounce off this re-test and go back up to break 2400 we have a lot of room to the upside. If we break through this downward sloping triangle line and fail the re-test, I'm expecting bearish continuation to the downside. I have a long in at this bottom trendline - keep an eye on this. The third possibility is that we go back up to the 2400 level and get another rejection, therefore forming an M pattern just like last time we were up at these levels. Beware of this possibility and make sure you manage your risk effectively on any trade you take right now

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