ETH Trend Test
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ETH and BTC started selling off a couple of hours ago. It's not so bad yet, but if ETH breaks below this trendline, I think it could be another quick leg down. Make or break for the shorter term action IMO.
Note
ETH had a small fakeout below and bounced. BTC remains weak, interesting. I don't really follow ETH, but thought this looked like it could get ugly if it didn't hold here after the news. Will be interesting to see if the divergence between it and BTC continues.Note
It finally broke, looks pretty rough to me.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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