Ethereum will soon be ready for a breakout up. I think the pattern is obvious and many traders recognize that. perfect entrance will be a pattern on a smaller time frame inside the triangle or in case the price will drop to lower support line, buy there.
Fundamentals on eth remain strong. I think people are anticipating another run and the break will be in big volume and will happen fast.
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We touched the upper resistance line without breaking it. Very good. Now the line is even more pronounced and the breakout will have more momentum.
gyazo.com/5c0f3a600b7f18bab6ef5ac0d7adc962 Double top on BTC created a great setup to short. So somebody just executed a huge order in that area causing all stop losses to fire.within few hours BTC felt from 11441 to 9000. On daily, it created an evening star candle. then another one. Eth is correlated with BTC almost entirely. However, making higher lows and higher highs on ETH/BTC. The situation remains unstable and I don't know where the price will go. We are still in a bull market so the only question is when it will turn up. Hopefully, i don't have to go in and out of position because I will most probably miss the good entry and exit point.
For now +BTC broke the downtrend +BTC making higher lows -BTC making lower highs +The mood of the market is BUY (but when?)
Decision: stay in the trade untill hit the stop loss around -200