Ethereum has officially blown the top off of this Livermore accumulation cylinder.
The question now is, will it continue up to .1 and beyond now or will we get a pullback first?
We've printed a strong reversal candle on the last 4-hour. There's a good chance eth just does a tiny bit of consolidation before some major continuation. But if btc falls and falls hard, eth could potentially revisit the top of the cylinder or perhaps even as far as .036 weekly support zone.
Right now I'm leaning toward the first scenario, but prepared and waiting for the second. How about you?
The question now is, will it continue up to .1 and beyond now or will we get a pullback first?
We've printed a strong reversal candle on the last 4-hour. There's a good chance eth just does a tiny bit of consolidation before some major continuation. But if btc falls and falls hard, eth could potentially revisit the top of the cylinder or perhaps even as far as .036 weekly support zone.
Right now I'm leaning toward the first scenario, but prepared and waiting for the second. How about you?