SHORT: ETH forming a symetrical triangle
Updated
Current price is 727 [started falling as I was writing this, it's now at 217 I think), but if my analysis is right, it should fall to 675 within the next 12 hours or so, before bouncing back up to 720. If it breaks out at 720, it will hit resistance at 740 and may reverse, so watch out.
Note
Sorry, I said 675 but should have said 679.. It'll probably go to around 678.30, but it's not worth the right. The support at 678 should be very strong, potentially strong enough for a proper trend reversal.Note
Oops, the support might not be as strong as I thought. The next strong support is around 630, and it's very possible that it reaches that lowin the next few days.Note
As I wrote in the comments,the first goal is reached. I just want to add that there's very clear bullish divergence on the RSI, which is a good indication that the trend is indeed reversing.Trade closed: target reached
Second target failed as it under-performed, top price 713. Next target: 630
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