tymehl

ETHBTC up Trend Line has been broken.... consolidation?

BITFINEX:ETHBTC   Ethereum / Bitcoin
5
The uptrend line has been broken (green). We will see what kind of support we get going forward. it is possible we could be seeing the beginning of a reverse head and shoulder pattern starting. I put blue support lines to show what I am looking at... it is really to early to tell though. If that does pan out then that is very bullish. Another bullish trait we could be seeing in the chart is the longer term Bull Flag you see in the orange trend lines.
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