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ETH Cup & Handle Formation

COINBASE:ETHUSD   Ethereum / U.S. Dollar
BITFINEX:ETHUSD

A Cup & Handle formation is now in play for ETH. Although I would sill trade with care, the strength of the play will be bassed on which level of support the handle is formed at. Will it be at 316 or 308? Let's wait and see.

If confirmed at 316, that would signify a strong bullish trend indicating ETH will likely see 350 sooner than later. However, since BTC still appears to be heading downward, I'd be on the lookout for any bull traps on ETH in the interim.

Otherwise, nice little run for those who took advantage of it.
When all else fails, simplify. -Me

DISCLAIMER: My analysis and opinions are mostly based on the current trends and chart analysis. That said, you are inevitably responsible for your own decisions. Trade at YOUR own risk. Cheers!

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