As all 3 names dumped last night to oversold 5 min conditions, the bounces all started the same.
From there ETH formed a clear higher low and higher high to put the bulls far ahead of LTC and BTC bounces.
We are within striking distance of all time highs and this consolidation under $700 is potentially forming a cup and handle pattern.
Watching to see if the US waking up gives the bulls the momentum needed for new highs.
I personally will be looking to play a $700 break, anticipating a new all time high if the bulls can pull the break off.
NOTE the selloff last night was indicated with all of the BIG 3 going down, where all day if 2 were going down it meant 1 was running.
From there ETH formed a clear higher low and higher high to put the bulls far ahead of LTC and BTC bounces.
We are within striking distance of all time highs and this consolidation under $700 is potentially forming a cup and handle pattern.
Watching to see if the US waking up gives the bulls the momentum needed for new highs.
I personally will be looking to play a $700 break, anticipating a new all time high if the bulls can pull the break off.
NOTE the selloff last night was indicated with all of the BIG 3 going down, where all day if 2 were going down it meant 1 was running.
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