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Ethperps

ETHFollow through on breakout was a bit weak. It looks to be making a nice SHS on the 1h to reverse the rally from the recent low and perhaps retest the low 100s again. It's quite possible this is a temporary bottom and we're flagging up but the volume and follow through on that triangle breakout was not impressive to me. Looking for a breakdown if we lose this neckline area. Remember SHS tops don't need volume to break down and even when not completed they typically foreshadow things to come. Also very possible we're building a bigger IHS bottom so will be keeping an eye on that as well. Still, the path of least resistance seems down to me but I will be looking to play a break either way.
BITMEX:ETHUSD.P
by jthrasher