$ETH cant fail here
Updated
30% measured move here on ETH will allow others to gain in the alternative coin world. Its simply on its way up and the structure is that of support for it.
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Break happened and contrary to what was expected, it wasnt very nice for others. a least for the time being. A lot of alts hit levels people were hoping for to get in. I think we recover all ground lost and march even higher.
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Following the break we have been holding previous resistance as support. It happens to line up as our "FO" or first obstacle or the 4hr chart at which is a good place to enter a trend in steep breaks. Im filled at 2030 and looking for $2500 as an easy target. 1hr structure looks ready.
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Patience pays off and I didn't have any here. Not to worry because I still have confidence in this trade going to $2500 minimum and now adding $3000 as final TP. The big break happened clearly at the yellow highlighted horizontal and it was a simple S/R flip. Here we have a swing failure buy triggered and I drew some diagonals of which the top one will be tapped soon. Averaged down my entry to $1940.
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