Getting closer to an up move
Slightly differing to BTC as the recent fall didn't break local market structure the lows of the 24th. Therefore is much closer to taking out the highs at 222 although has rejected 3 times off the 214 level so far.
The break of local trend yesterday gave a nice little short if you saw my post. The lower trendline at this stage is hypothetical and unconfirmed by the requisite 3 touches.
Price is in the upper section of the range and looking promising but 214 needs to be broken and held. Again like BTC, possible ascending triangle here - may have missed the long off support opportunity so a possible breakout long trade may be possible later.
The break of local trend yesterday gave a nice little short if you saw my post. The lower trendline at this stage is hypothetical and unconfirmed by the requisite 3 touches.
Price is in the upper section of the range and looking promising but 214 needs to be broken and held. Again like BTC, possible ascending triangle here - may have missed the long off support opportunity so a possible breakout long trade may be possible later.
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