I've been watching this formation develop over the last few days on the ETH/USD charts, and it seems there might be an imminent break to the downside. The ETH/USD rate is heavily influenced by the BTC/USD exchange rate, and those charts are looking bearish as well.
If the triangle does indeed break to the downside over the next 24h, we could be seeing a retesting of the support area @ $780 - $800.
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The overall crypto market is going to stay around these levels or lower all the way to May. I don't see much activity to upside til the summer and onwards.
Kind of been like this cycle in the last couple years.
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And then to the moon :)
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Hell yeah brother the true crypto giant is about to come alive!!! Great TA.
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