Some TA for a sharp professional friend of mine.
ETH - had a double top recently, but that failure to break a price threshold 2X did not collapse ETH, but rather it has retreated a bit a form a nice consolidation - note the 2 weeks of rest at the Fibonacci .382.
great triangle forming (I call that pattern 'the fish', but never mind)...in fact, it seems ETH is a few weeks ahead of LTC.
MOST important - note how ETH broke the pattern. WATCH for a confirmation of breakout, i.e. a downward move to rest ON TOP of the triangle/TA line, then look for volume.
I myself am a ETC fan, both are looking promising.
ETH - had a double top recently, but that failure to break a price threshold 2X did not collapse ETH, but rather it has retreated a bit a form a nice consolidation - note the 2 weeks of rest at the Fibonacci .382.
great triangle forming (I call that pattern 'the fish', but never mind)...in fact, it seems ETH is a few weeks ahead of LTC.
MOST important - note how ETH broke the pattern. WATCH for a confirmation of breakout, i.e. a downward move to rest ON TOP of the triangle/TA line, then look for volume.
I myself am a ETC fan, both are looking promising.