The ethereum price seems to be following it's big brother's sell momentum. It is thus right not to try to catch this falling knifwe as well. The 1-hour chart shows price nearing the upper resistance of the descending triangle, and it makes us more confident that sells are the only way to go. As always, play it carefully with these cryptocurrencies as this market is filled with ugly old ladies who don't know what cryptos are except what they have been told by their local investing club leader. That being said, the RSI and stochastic oscillators both seem to be nearing overbought levels soon. Time to prepare for "shorts"
@antoineb, Yeah. I actually trade breakouts so i was only gonna trade when the price breaks out of the pattern. A forecast is just a prediction it does not prove anything. Even if price had gone down i wouldn't claim to be a wizard. No one can predict the markets. We just follow price action.