ETHUSDhas come up nicely off of support; I was in a long position from ~130 based off the 3Day QRsi trend support here:
However, I'm currently FLAT due to the massive interruption the 4H cloud brings to the rally.
This particular 4H cloud path has proven it's strength, and price will need to push it's way through this level with energy left to clear the top...
This pattern doesn't appear often because stop runs make uneven bottoms or because a higher low rather than equal bottoms is much more attractive as far as cups going ups is concerned.
Quite the price point to be at. There is a chance that a failed breakout will mean new lows, which is dangerous for Ethereum if its $100 psychological support is not held...
The cryptocurrency market was overextended, we can see how coins like VETBTC manage to do more than 150% since the "bottom". After 0000 Eastern Standard Time we have seen the downtrend settling in on almost all Binance coins where their volume is drying up or simply crashing with no support to be seen. ETHUSD re-tested our micro-support at 304.71 and then in the...
