ETH ethereum

15 Tem 2024

100 and 50 day moving average lines. Ethereum barely inside the triangle pattern. The pattern shows an upside pennant. This shape is not completely negative but it's also not completely positive. I'd say it's a 60/40 shape that depends a lot on the total directional movement of the trend. The trend is "bullish" as most people say therefore the flag shape is better than if the lines were both angled in a negative slope. Each day the lines change. With each day new positions appear and old positions disappear.