SimplerTrading

ETHUSD Coiled for Its Next Leg Higher?

Long
BITFINEX:ETHUSD   Ethereum
With BTCUSD running up over the last couple of days, we've seen ETHUSD trade sideways to lower...but not for much longer, so I think. With a Squeeze forming on a 195 minute (+ a bull flag), 78 and 39 minute chart I'm looking for it to make its next leg higher.

If you take a look at the daily chart, ETHUSD has been trading in a nice pattern for the last few weeks and as the saying goes "don't fix it until it breaks" which translates here to, "but the dip."

I wouldn't be surprised to wake up to new all time highs...I guess we'll see.

Goodnight and good trading,

Jared

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