ReiX
Long

Ethereum 1H - Parabolic trend continuation

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Previous H&S pattern did not play out, however we see continued consolidation within the ascending triangle with a hidden bullish divergence . TK cross above the cloud further supports the probability of a break-out scenario.
Feb 14
Comment: Keep up the attack on that resistance at 278! It's getting weaker.
Feb 14
Comment: Clean break out of the resistance at 278. We may go back for a re-test of the S/R flip which I believe is where many would look for an entry.
Feb 14
Comment: Testing as we speak. Expecting a bounce here as first re-test of a HTF resistance flipped support.
Feb 16
Comment: A weak breakout and a failed re-test, the head and shoulders pattern formed as well. Ethereum has turned bearish short-term. Please check my latest update.

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