Comparing ETH to the March fall

12 set 2020

Something I'll be watching. Seems like a similar move. I think with the comparable volume climax this may have been a bottom. Getting a lot of mixed signals from other charts that I'm still pretty unsure. Sitting it out until at least the weekly close.

12 set 2020

Nota

It's also entirely possible that we're just doing some kind of bearish re-test, too. Other charts look more bearish and are kind of the reason I think that we could fall a lot further. I just don't see any reason to take a position right at these levels. I feel like we'll get a better idea of direction relatively soon.

Bearish re-test example:

13 set 2020

Nota

It was showing signs of a possible rising wedge on this overnight breakdown but has caught support on this channel. Want to see how the legacy markets open this evening to re-assess but looks to have support around this area for now