以太坊

Ethereum - ETH USD - Descending Channel

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Accidentally posted a private idea several days ago. This follows on from that -

Ethereum broke out of an ascending channel it had been in since late September after forming a head and shoulders pattern and a break of the neckline.

It is now in a narrow descending channel with a potential downside of around $250 levels. If it breaks up, out of the channel I would expect the neckline of the H&S to act as resistance.

I will be refraining from entering an ETH trade at this stage until the market settles down around this first BTC fork at least.

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