f-73

[Watch it] ETHBTC at resistance.

f-73 Aktualisiert   
BITSTAMP:ETHBTC   Ethereum / Bitcoin
Ascending rectangle(s) with 2 possible exit routes. The first one possibly in July.
Watch it.
Kommentar:
Nice breakout ... and still in July.

Kommentar:
Matched ascending triangle theoretical target around 0.033 mark.

Perfect.
Kommentar:
TD count=9 on ETHUSD may hint an upcoming pause and/or cooldown.

Kommentar:
Let me add that Ether finally matched first target of the ETHUSD analysis i've posted 7 months ago:

Kommentar:
Trying to breakout an ascending triangle.


we'll see.
A lot depends on what BTC will do.
Kommentar:
TD count=19 on ETHUSD.
Very stretched.


Unless Bitcoin breaks out i think ETH will have a substantial pullback from here.
Kommentar:
Longest recent strip was a TD=20 back in february ...
We'll see.
Kommentar:
Here is the pullback.
10% down already and red one forming after 19 candles.

Kommentar:
Testing again upper limit of previous channel.

Nulls should try to keep price within a triangle or a further leg down would become likely. Watch for daily close.
Kommentar:
So we had a nice triangle breakout.


Looks good.
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