ETH crucial triangle phase.

Please observe the triangle marked between the flags. This will give a rough guidance about what to expect in terms of ETH price after the next 48 hours... very crucial period now.

Comment:

The price seems to be moving within this triangle range. Also keep reviewing the smaller triangles that form within this pattern. Lots of Elliot Waves may be completed until then, which may provide other short term trading oppurtunities.

Best regards and happy trading :)

Comment:

ETh fell below the triangle, but it looks like there is excellent support at 250 level, which will likely push the prices upwards now. Also with news like BTCC/DAX listing ETH in the week starting from the 3rd of July, it is likely that ETH may cross the upper resistance as well. Once that resistance line is crossed, it may aim for new ATH over the upcoming days or weeks.

Wishing everyone all the best :)

Trade closed: stop reached:

Chart irrelevant now as triangle was broken yesterday and now is following another ascending support line.