Very similar picture for ETH as for BTC and LTC. The Leadline is currently still protecting ETH from a drop and also here a potential Adam and Eve Bottom is coupled with decreasing volume and pausing.
Ethereum is just sitting below the new weekly Pivot Point which is certainly the level to break around $213 if there is going to be upwards reversal and a continuation of the recent bullish trend. Also here breaking down this Leadline would not be considered bullish ;-)
Even though my gut tells me we are bullish, I learned the hard way, that my gut is not allowed to have an impact on my trading decisions.
__________________________________
Warm regards,
Neru
Ethereum is just sitting below the new weekly Pivot Point which is certainly the level to break around $213 if there is going to be upwards reversal and a continuation of the recent bullish trend. Also here breaking down this Leadline would not be considered bullish ;-)
Even though my gut tells me we are bullish, I learned the hard way, that my gut is not allowed to have an impact on my trading decisions.
__________________________________
Warm regards,
Neru
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