It looks to me like ETH is trying to form a H&S pattern. we have a well developed left shoulder and head while the right shoulder is about halway through its development. On a positive note, it has moved above its 200 day moving average which may act as a support should the H&S try to play out. We also have support at the 900 level. If we close a candle below 900 I would wait for a new higher low to be established before getting back in to ETH. I am cautious until this plays out. BCH is also setting up with a bullish ascending triangle so be patient for that one. It has not moved above its 200 day MA but should it break bullish from the triangle, it should.
Commentaire:
Check out my newest post specifically on BCH as well. Upside for both of these is very much up to BTC right now which is looking pretty good.
Commentaire:
H&S definitely coming together....look for a minor drop to target...
