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typical double top, going down again as in my previous analysis. However, this is a local double top so be careful.
Typical Rising Wedge Continuation Pattern.
Going down baby :)
Typical Falling Wedge Continuation Pattern.
Going to the moon :)
Here is a link for the news:
4300-4600 is a trade. If it goes above 4700, then expect a bullish move up to 6K.
This is a local double top, so that's why it is decreasing.
Rising Wedge pattern, expecting a drop.
Now that they banned South Korean ICOs, there will be FUD for some time. ETH will give everyone an opportunity to buy and it will go back up after a while.
It looks like the head and shoulders movement is forming. It may push it down strongly, back to under 4k. If it does not take a sufficient hold for a strong bear movement, wait for 6k.
It should have gone down, it did not. So mooooooooooooo
The only thing this head and shoulders did was to cure my dandruff :)
I suggest shorting but the graph seems to indicate an increase in the medium term.