peterbhc

ETH Trendline monitor for direction

Short
peterbhc Updated   
BITSTAMP:ETHUSD   Ethereum
ETH is at resistance trendline and top of 1H BB.

RSI is at resistance on 1H.

If this breaks down, I expect ETH to test 1515 following a 1H MA50/200 bearish cross.

Low volume to carry it any farther and almost every impulse is being sold.

IF advance above trendline to 1650.

Good Luck
Trade active:

top of 4H BB, now volume to support advance, H&S, Lower High... Not looking strong for more height. I will SHORT here 1590, looking for 1515, then lower.
Comment:

ETH Rising Wedge. Resistance just under 1700. My S/L is a daily close above 1650. Let's see how today trades.
Comment:

ETH 1H MACD at resistance
Comment:
Updated S/L to 1550
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