Ether has clearly been leading the market. But now we can see this huge rising wedge which if breaks down could make the price fall massively. The trend is still very bullish and this wedge could easily be invalidated but I think this is a good risk-reward situation. Entry between-195-200 SL:207 Target: 168-172
On the other hand bitcoin looks solid and alts like XTZ NEO and ETC are showing promising signs. EOS and BCH should also have made gains so in totality still a lot of indecisiveness but if you are long then this might be a good hedge against the trend. In addition to all this there is a 3D bearish divergence on Ethereum. Good Luck!
On the other hand bitcoin looks solid and alts like XTZ NEO and ETC are showing promising signs. EOS and BCH should also have made gains so in totality still a lot of indecisiveness but if you are long then this might be a good hedge against the trend. In addition to all this there is a 3D bearish divergence on Ethereum. Good Luck!
Comment:
197 strong resistance now so above that this trade gets tricky. As long as we stay below 197 this trade is just fine