ETHUSD on Bitfinex - wedge still intact and double bottom.
I usually trade on Kraken but look at Bitfinex as a determinant of market direction. ETH is still solidly above support and forming a double bottom. With BTC close to breaking the 200 MA on the daily chart, when will the market finally decouple ETH and BTC movement? I'm sure there are thousands of shorts just waiting to be squeezed. Etherium is a solid project with many tokens in the network. Can we move on already from BTC obsession?
You can clearly see the double bottom printed, which could be a strong indicator that ETHUSD will make a move toward resistance at around $1100.
You can clearly see the double bottom printed, which could be a strong indicator that ETHUSD will make a move toward resistance at around $1100.
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