NeoButane

ETHUSD - Consolidation phase of a bullish pennant

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Faster EMAs are about the cross over the 55EMA.

RSI and MACD looking bearish yet still holding within trend lines indicating consolidation.

Passed through the Fibonacci retracements and speed fan lines like a breeze.
Comment: Looks like BTCUSD broke ETHUSD's pattern.


Consolidation phase expected on the fib retracement; the speed of BTCUSD's dip leads me to believe that we may reach lower, so expect it to hit the lower support lines (found by finding previous resistance/support lines)
Comment:
My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

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