ETH-Live Trade Journal (daily chart)
3/10/2018
Etherium is still bearish on the daily chart--MAs are trending down, the upper trend line is intact, and we have formed a potential head and shoulders pattern over the last few months. The neckline is pretty unclear on the H&S but a break of support (gray band) is likely close enough. Until ETH breaks the upper trend line, I don't plan on trading the daily chart.
3/10/2018
Etherium is still bearish on the daily chart--MAs are trending down, the upper trend line is intact, and we have formed a potential head and shoulders pattern over the last few months. The neckline is pretty unclear on the H&S but a break of support (gray band) is likely close enough. Until ETH breaks the upper trend line, I don't plan on trading the daily chart.
Note
ETH appears is the other side of a key support zone and is close to realizing the head and shoulders patterns.
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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.