Ethereum is forming an ascending triangle. It could break either way. In my opinion, I think we will break down with MAYBE another touch on the upper resistance line. I'm believe it will break down because Bitcoin is showing a lot of bearish signs. Again, this is just a guess and I could be wrong. Wait for confirmation and play the triangle. If this analysis is right, then my previous analysis could be wrong!
Comment:
Following the overnight action, I now have to change my stance to a bull.
Comment:
If the RSI snaps back really quickly, I would consider this a bull trap. Otherwise, i would consider this a real breakout.
Trade active:
Comment:
fives waves; It the breakout over or is this just the beginning?
