Eth about to Jump or Dump

Eth squeezing through this triangle with tight EMAs coming together. OBV has been falling for a while and is also hitting a tight spot. See all my recent trades in my trading journal at www.lucidtraders.com/?aff=Orangu... where traders share all. I'm anticipating a strong move in either direction, though OBV is suggesting a Bearish move as we look at its recent trend. I'll be watching closely for a while but I wont be opening any position until the direction is confirmed, with a bounce or the like.

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Happy Trading All!
O

Commentaire:

Eth has pushed past recent support and dropped around 5%. we could see a trumpery pullback to resistance at 179 before continuing in the down trend to 160, if this trend continues. If you enjoy these charts please leave some feed back and give us some thumbs. Give my trading journal a view by visiting and registering free on Lucid Traders at www.lucidtraders.com/?aff=Orangu...

Happy Trading !!
O