Ayen

Ayen Updated 

ETH has previously confirmed its reversal bull trend. Reaching quickly the 578€ level (transposition of depth of cup&handle formation - see my previous idea) and correcting brutally until shot-term support trend line (blue). Despite bouncing back, it broke-down the first support trend line, indicating bear signal, forming a pennant pattern. In case of a bull...

Ayen Updated 

ETH lightly bounced on 291€ support level which seems holding. The next level of support after this one would be 240€ level, below that it doesn't smell good. The downtrend line ('vertical' blue line) of the correction is strong and haven't been crossed yet. The Long term trend line ('horizontal' blue line) have been crossed but price didn't break support line...

Ayen Updated 

If the BCH break up the flag pattern we can expect an uptrend. Entry @ 580€ Stop at support @ 559€ Target at second resistance around 695€ Opposite expectation if breakout down but no short possible on Kraken so no short for me in this case I just stay out.