ETH/USD & BTC/USD (Day Trades)

Short term ETH symmetrical triangle and possible BTC trend-line break. Both of these are day trades if they are validated.

Kommentar:

ETH trade validated and facing stiff resistance on the way down.

BTC hasn't broke though with conviction yet. BTC is extremely overbought on all indicators and has been for a few days. I wouldn't make a trade until there is a clear and sustained breakthrough the 1 day resistance.

Trade geschlossen: Ziel wurde erreicht:

ETH trade is closed. Did't hit $290 but only a couple bucks off. BTC never broke long term resistance with conviction so that trade was invalidated.