ETH/USD is forming a candle that seems to be right at the base of the bearish ichimoku cloud. Short positions should have already been entered when the base line crossed the conversion on 26/6/2017. For those who have not yet gone short, they should do so if the red 1 day candle goes below the ichimoku cloud. For the ETH/BTC chart, the same pattern is playing...
ETH/BTC has been in a solid bull trend since late February. The trend beginning in February was broken on 21 June, as visible by the arrow on the following chart: Adjusting for the break in trend, I have created a second pitchfork, which also appears on the above chart. That is the trend beginning on 9/5/2017, with the reversal on 12/6/2017. A candle is forming...