Support failed to hold at the inner pattern (orange) triggering a bearish piercing to send $ETH back to 50EMA and within the original descending layout.
A number of visual changes have been made, along with adjustments to the long-term cycle lines, to improve alignment of these zones. See attached D1 for details.
Given another rejection at descending pattern resistance we can assume possible continuation towards outer pattern (red) with the goal of closing above the yellow line.
A number of visual changes have been made, along with adjustments to the long-term cycle lines, to improve alignment of these zones. See attached D1 for details.
Given another rejection at descending pattern resistance we can assume possible continuation towards outer pattern (red) with the goal of closing above the yellow line.
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