ETH formed a symmetrical triangle and recently broke resistance, At the moment of writing this idea is retesting the pattern. We’ll need confirmation of the retest. A good entry would be @750 I think. A conservative price prediction could be @810, key level after 2018 dump, looking at the past.
Volume surged at breakout. At retest @729, went really really down, obviously traders don’t want this price level!!
Keep in mind: we’re on a bull run. The trend is your friend. BTC just broke a symmetrical triangle a couple hours ago and went up; and ETH has been acting as a lagged BTC these days.
Bearish TA: be careful, Retracement/correction may come sooner than later. SL: @708 seems legit.
This are just ideas, not trading advice.
Volume surged at breakout. At retest @729, went really really down, obviously traders don’t want this price level!!
Keep in mind: we’re on a bull run. The trend is your friend. BTC just broke a symmetrical triangle a couple hours ago and went up; and ETH has been acting as a lagged BTC these days.
Bearish TA: be careful, Retracement/correction may come sooner than later. SL: @708 seems legit.
This are just ideas, not trading advice.