ETH/BTC forming a nice Cup/handle. Looks like we will be testing the .0842btc resistance line for the 4th time. Wait for breakout and confirmation before opening any longs this close to .0842 resistance. If we break through, looks like next resistance is at .09btc levels then .095/.1btc levels. If it fails, we may see another Higher Low at the trend channel support line. I myself free pretty bullish about $ETH, Lets hope to see a new ATH in the coming days/weeks!!
...Lastly I'm pretty green on TA, feel free to give constructive criticism and help me become a better trader!
...Lastly I'm pretty green on TA, feel free to give constructive criticism and help me become a better trader!
Trade closed: stop reached:
as you can see it was looking good on the charts, the handle was being formed then BTC started to rally, then the crashed destroyed the pattern... Major bummer!! ETH WILL recover though. At this point in time, I have backed away from ETH. Looking to re-enter once BTC stabilizes