ETH-Live Trade Journal (daily chart)
3/10/2018
Etherium is still bearish on the daily chart--MAs are trending down, the upper trend line is intact, and we have formed a potential head and shoulders pattern over the last few months. The neckline is pretty unclear on the H&S but a break of support (gray band) is likely close enough. Until ETH breaks the upper trend line, I don't plan on trading the daily chart.
3/10/2018
Etherium is still bearish on the daily chart--MAs are trending down, the upper trend line is intact, and we have formed a potential head and shoulders pattern over the last few months. The neckline is pretty unclear on the H&S but a break of support (gray band) is likely close enough. Until ETH breaks the upper trend line, I don't plan on trading the daily chart.
Comment:
ETH appears is the other side of a key support zone and is close to realizing the head and shoulders patterns.
