Since trading in a large ascending triangle starting in early February this year, breaking out in mid May, we've seen a blow off top down into a descending triangle.
Now it appears as though this could play out as a bull flag & negate the descending triangle... It's possible we see a rally, because Bitcoin is clearly trading in a bull flag or descending triangle as well. ETH likes to trade in correlation with BTC, so we'll see I guess...
The 200 Day MA isn't far away, roughly 17% to the upside, and the rsi is roughly neutral. Interesting.
Time will tell per usual.
Now it appears as though this could play out as a bull flag & negate the descending triangle... It's possible we see a rally, because Bitcoin is clearly trading in a bull flag or descending triangle as well. ETH likes to trade in correlation with BTC, so we'll see I guess...
The 200 Day MA isn't far away, roughly 17% to the upside, and the rsi is roughly neutral. Interesting.
Time will tell per usual.
