After finishing a long consolidation period in a triangle, ETH is breaking down the formation and turning to retrace. The price is falling from 2257to 2170.
In the ascending triangle, as we see, price finished the ABCDE formation and is ready to rally. The current price range is similar to its previous legs, so an intraday sell appears.
We are assuming the price will reach the target and more sellers will participate in the market during the New York session.
I am with you as the market goes, and I will hopefully read your comments and opinions on the current price structure.
You can also follow the BTC and LTC market prices to understand the similar structures given in the links below in the comment section.
Follow tune.
In the ascending triangle, as we see, price finished the ABCDE formation and is ready to rally. The current price range is similar to its previous legs, so an intraday sell appears.
We are assuming the price will reach the target and more sellers will participate in the market during the New York session.
I am with you as the market goes, and I will hopefully read your comments and opinions on the current price structure.
You can also follow the BTC and LTC market prices to understand the similar structures given in the links below in the comment section.
Follow tune.