#BTCvsETH TAUSDT technical analysis shows a strong breakout of a symmetrical triangle pattern to the downside, leading to a sharp decline from the 0.1267 area to a bottom of 0.1123. This breakout confirms the sellers' control and pushes the price into weak support areas, increasing the likelihood of a continued decline.
Technical indicators support this trend: The RSI at 26.9 shows severe oversold conditions, which may indicate a temporary rebound, but it does not yet indicate a bullish reversal. The Stochastic indicator is also in lower areas, enhancing the possibility of a short-term correction.
Nearby resistance is located at 0.1267 and then 0.1348, while a break of the 0.1120 support could open the way towards 0.1100 or lower. Price action is driven by strong selling momentum, and caution is required before entering, as there are no clear signs of a reversal so far. The market is likely to decline unless the broken support is quickly reclaimed.
