ETH building a pennant, already in a position from the $494-498 region however will add more at the test of the support around $504-505, expecting a breakout to the upside as long as Bitcoin plays ball. Targeting the $580 region which will now be resistance. ETH has tested the $489 S/R flip from back on the 01st September perfectly & we've seen a good reaction initially, because of the uncertainty around Bitcoin price action & the possibility of another leg lower down to the $14,500 area, it will be wise to Tether up around $580 to see how Bitcoin price action plays out.Trade active
ETH with a retest, if we can break through $520.31 it should build momentum.Note
Taken half off the table here at $547.Trade active
Setting a re-buy order around the $531 area for the portion taken off at $547, ultimately still looking at $580 area to Tether up and await a potential rejection at resistance or a flip of resistance at 580 into support.Trade active
Buys looking good here down to $528, will be watching for LTF RSI bullish divergences.Trade active
Rebought the half taken off at $547 (average buy - $531.50), should see ETH push up towards $580 after $548 breaks.Trade active
Closed 50% of this position, 
BTC isn't looking too strong on the LTF & ETH/BTC is breaking down on the 1HR RSI.Trade active
Ethereum closing in on the $580 target, still have 50% of the position open.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.