Descending triangle already reach target from previous analysis.
right now ETHUSD perform consolidation at classic and support level
As we can see that this area is not very strong support, since we see many false break down, and if it perform new low, (bellow 350), bearish will continue to reach bubble projection at 282 (still down 29% from current price).
If you wanna buy this coin, aim for 118% profit projection at 871, and prepare for buy more at 282 (do not use any stoploss).
note : remember that BTC still perform bearish, it will drag all coin to bottom if BTC support break down.
right now ETHUSD perform consolidation at classic and support level
As we can see that this area is not very strong support, since we see many false break down, and if it perform new low, (bellow 350), bearish will continue to reach bubble projection at 282 (still down 29% from current price).
If you wanna buy this coin, aim for 118% profit projection at 871, and prepare for buy more at 282 (do not use any stoploss).
note : remember that BTC still perform bearish, it will drag all coin to bottom if BTC support break down.
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