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xtremerider8

ETH: BO 1700 bullish; if rejected by wma200@1200, 614 is next

Ethereum (BITSTAMP:ETHUSD)  
xtremerider8  
BITSTAMP:ETHUSD   Ethereum
Chart Patterns Technical Indicators Ethereum (Cryptocurrency) ETH altcoins Cryptocurrency
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ETH has been inside the red downchannel since it BO from the blue bear flag. It seems to have formed a H&S pattern. It has to reclaim 1700 to be bullish again. Shortterm, ETH may consolidate between wma200 @1200 & wma300 @ 883. However if it is fails to breakout of 1200 soon, then the blank space in between may push ETH quickly down to the volume profile zone around 614.
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