ETH looks interesting on the weekly. Since BTC keeps on going the lower trendline is close. An double top pattern in Bitcoin price followed by a consolidation could trigger a fund movement from BTC to Alts.
Commento:
The trendline looks correctly placed. It also acts as a support as expected.
But I don't like the shape. I expected a longer candle that would confirm the support. At the moment it doesn't provide any useful information.
2 more days to close this candle. Maybe we get some signal during the weekend.
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But I don't like the shape. I expected a longer candle that would confirm the support. At the moment it doesn't provide any useful information.
2 more days to close this candle. Maybe we get some signal during the weekend.