TheChartGuys

Ethereum getting very tight

COINBASE:ETHUSD   Ethereum
Volume and volatility have shrunk significantly the last 24 hours which always means get ready for a break of the tight range and spike in volume and volatility. We do not try and guess the direction the break will occur, we wait for signal on the break and react accordingly. We just broke the hourly lower high pattern though not on significant volume nor momentum so still patiently stalking the move. Yesterday was the first day in weeks I did not trade as there were no clear opportunities. Not trying to force trades in this tight environment.

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