News about Ethereum’s delay of the major Constantinople upgrade after Blockchain audit firm ChainSecurity, discovered a security issue with on of the changes, put pressure on ETHUSD price spreading panic thought the whole market with BTC moving below key level of $3570, where buyers showed up, trying to hold that level and increasing chances for a bullish scenario...
HH – Higher Hi;
LS – Left shoulder;
HL – Higher Low;
H&S – Head and Shoulders;
After breaking local support of $3 681, and successfully retesting and confirming it as resistance, bears tried to push price below LS and finally breaking the H&S pattern on Daily timeframe. Bulls showed up near $3 463 level holding the broadening formation described in our last...
