Over 1yr Descending triangle on ETHBTC, but RSI oversold

14 May 2019

Looking at daily and weekly ETHBTC chart one can see a huge descending triangle, which in general is bearish formation, but not always. This time checking out other indicators I dont think it's going to break the bottom line, I rather expect a huge reversal from this point. It aligns with a.refent BTCUSD rally. Stay tuned.