Yes ladies and gentlemen,
Your favourite llama is back. That triangle that I draw is very powerful reversal pattern.
Of course you can see the head and shoulders but price is touching resistance now, don't open long position yet.
Wait for a pullback in the red trendline.
Monthly session closed today with a three candlestick pattern called Three black crows. Look how the last candle absorbed tons of selling pressure in this Demand zone. This month will be very good for ETH. I think that will go up to $700 at least. ETH at 432 s cheap right now.
1.- ETH Back to parabolic base.
2.- $415-430 Very important zone. Last bounce of downtrend was here (purple line). Also there is a big divergence in 1D TF.
3.- ETH could go up from this zone to $700.
4.- or ETH could go down to $360 the former base and bounce from here, because falling wedge ends in this zone. Below $360 is very dangerous.
BTC back to demand zone. Here started the parabolic run.
Bullish MACD divergence, but there is no sign of reversal on candles yet. I expect a bullish confirmation like a double bottom in this green zone below the third and last red downtrend line. If not BTC could go down to $4666.