Ethereum / TetherUS
Short
Updated

ETH - Next Stage

135
We are in a health consolidation mode as per BTC.

Observation:


  • Bullish trend (short term)

  • 1 hrly Candle sticks are above EMA 50 and 100 range, plus cross over over, indicating BULLISH

  • RSI in 1 hrly overbought conditions

  • Double bottom completed for a reversal

  • Volumes are appearing to return and at this moment, dropping off due to the consolidation



Conclusion:
Wait for the pullback to 114-116 range before jumping in.
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As per BTC, Bullish Pennant forming in the 3 m chart after hitting 116 bottom
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Looking difficult to achieve based on RSI and volume... but I'm hopeful as BTC has the momentum.
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Broken the triangle bottom
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Heading to 100 or less (if BTC decent is fast) matching BTC towards 3600 as 3500 will be hard to get target.
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Which pattern do you follow...lol
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