REFER TO PREVIOUS "IDEA" TO SEE WHERE THE GREEN TREND LINES COME FROM
The following is an example of 2 possible trades on ETH depending on whether price will continue out of the bullish pennant on the hourly or if it will seek to pull back to previous support.
In either situation here's some general steps for entering safely:
1. Wait for break of trend
2. Wait...
The following chart shows trend lines I find to be particularly relevant for Ethereum going forward.
The green trend line is created by the wick downs in June and July 2017; The trend created by these wicks has been followed by ETH since. This line is DEEPLY relevant, this is evident in the fact that time and time again this line has been used as support and...
