In the image one can see three steps up to the ATH at 1.419$, coming from 310$ in November 2017.
Then the correction mode started and led ETH back to the platform from where it had started the third upwards movement.
ETH is now in a descending triangle, with a swing trend line as bottom.
What will happen if ETH reaches the peak? Will it break up or down?
In the case it breaks down, one can expect it to fall untill it reaches the platform from where it had started the second upwards movement (473$). The fib retracement in between isn´t a strong indicator.
This negative trend would be broken if ETH manages to break the resistance at 730 - 750$ (double fib retracement).
Then the correction mode started and led ETH back to the platform from where it had started the third upwards movement.
ETH is now in a descending triangle, with a swing trend line as bottom.
What will happen if ETH reaches the peak? Will it break up or down?
In the case it breaks down, one can expect it to fall untill it reaches the platform from where it had started the second upwards movement (473$). The fib retracement in between isn´t a strong indicator.
This negative trend would be broken if ETH manages to break the resistance at 730 - 750$ (double fib retracement).