along with BTCUSD
seem to be forming symmetrical triangles. As of now both of ETH and BTC's monstrous rally was halted by the upper trend line
. The moving averages are not yet BEAR, in fact they do not look bearish
at all. However, StochasticRSI is approaching oversold territory on the 2H timeframe. If we get a reversal off that upper trend line
, look to short until price hits the bottom trend line
and see what happens. I really believe in crypto, it's definitely a far better way to transfer money and store value than physical and even digital fiat. As a long-term bull I would love to see BTC
and ETH eventually break upwards out of the triangle. Stop Loss $151 Kraken price and make sure to wait for the price to retest and bounce upwards if price breaks out now.
Wait for price to reject further to short. If price breaks up above 151, long.