The pattern still following through from the video last night, the bears have an edge as we have no correlation to BTC bulls and may correlate a bit on a BTC pullback.
$450 breaking would trigger stop losses and the bulls have a clear target to break the hourly lower high pattern.
All attention has been on BTC and LTC for the last week and ETH just consolidates in the mean time.
When attention leave BTC for consolidation we will watch close to see if money shifts to ETH.
For now there is no trade except to wait for an oversold bounce after a dump below $450, or enter on bull momentum when hourly lower highs break.
Anticipating a break later this morning as the pattern tightens significantly.
$450 breaking would trigger stop losses and the bulls have a clear target to break the hourly lower high pattern.
All attention has been on BTC and LTC for the last week and ETH just consolidates in the mean time.
When attention leave BTC for consolidation we will watch close to see if money shifts to ETH.
For now there is no trade except to wait for an oversold bounce after a dump below $450, or enter on bull momentum when hourly lower highs break.
Anticipating a break later this morning as the pattern tightens significantly.
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