Is this a Gate for the Bulls, or are the Bears waiting to maul? In a previous analysis, the Bears have had control since Jan. 14th in a segmenting pattern, and back as far as Jan 3rd since the break of the December uptrend.
Bulls look to have a gate through the Bear defense, but will it materialize. I will be watching for the conviction myself even though there appears to be an opportunity with this ascending triangle action.
The last 2 attempts at the trend line may have found a chink in the armor. We're in a bear market, watch for conviction. volume, and follow through.
Good luck traders!
Previous Analysis: Predictable Bearish Pattern
![ETHUSD - 1H Trend Lost, Predictable Bearish Pattern? [Refined]](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
Previous Analysis: Break Trend line, or Test $100
Bulls look to have a gate through the Bear defense, but will it materialize. I will be watching for the conviction myself even though there appears to be an opportunity with this ascending triangle action.
The last 2 attempts at the trend line may have found a chink in the armor. We're in a bear market, watch for conviction. volume, and follow through.
Good luck traders!
Previous Analysis: Predictable Bearish Pattern
![ETHUSD - 1H Trend Lost, Predictable Bearish Pattern? [Refined]](https://s3.tradingview.com/8/8BcruUao_big.png)
Previous Analysis: Break Trend line, or Test $100
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ETHUSD is running out of room, and volatility should pick up relatively soon.