Volume decreasing, sell pressure still strong. So far, it seems we are still in a simmetry, forming a huge H&S that would lead us to 0.020 green line if triangle is broken downwards, which seems more likely. Most upward movement seems to be short squeezes, as people love to short bottoms. In case we have bull pressure triggered by news (ie: ETH adoption by major US exchanges), we could retest 0.786 fibo. Targets are far, so it's better IMO to wait for the triangle to resolve itself.
Commentaire:
FAILED BREAKOUT followed by major news (Ethereum positive coverage in NYT). UP UP UP UP UP UP !!!!