ETH dropped out of the very bullish movement/channel it was in, but it still on an uptrend. I've zoomed out to the weekly for now and really want to see this cup and handle develop still. Bullish divergence will be invalidated if we drop below the last low of 226. The cup and handle will be invalidated if the handle retraces 50%+ below the height of the cup.
Another important thing to note is that BTC has knifed below its daily pivot. Ideally we want this to just be a wick and NOT close a daily body below the pivot. Closing below the pivot will most likely have us seeing more downward movement.
Another important thing to note is that BTC has knifed below its daily pivot. Ideally we want this to just be a wick and NOT close a daily body below the pivot. Closing below the pivot will most likely have us seeing more downward movement.