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RE: Ethereum TA: Where [was] the triangle!
Hello, thank you for sharing your insights on the recent market trend. The charts indicate that ether broke the consolidation pattern in a bullish manner, however, do you anticipate it rebounding back to the previous 3 months high? And since it broke the upper resistance, im sure many traders will be looking to pump and dump and make quick profits on this
Thanks for your comment! I'm personally looking for a 50% retrace at least since we haven't had that yet. I.e., (412+136)/2 = 274. So, I'd want to take some profit if we got as far as this. Then maybe, buy back on a dip. But yeah, after that we can look for other Fibonacci levels -- but I'm not that convinced we're likely to see another big high until nearer when metropolis is released. But, first we need to break the 1-day ema! 😄