Ethereum
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Ethereum Rally is FAKE NEWS!

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New resistance at the previous support of the descending wedge as I highlighted here https://www.tradingview.com/chart/ETHUSD/sPNINaOb-Ethereum-Trading-Strategy-Still-More-Downside-to-Come/

Broken uptrend on the 15 minute chart, looking for a retest of 1132/ETH low or a higher low before buying this dip.

This is just one possible outcome, but given longer term bearish trend, I see it as most likely. Risk reward from $152.50 is to $132 downside $164 upside (new resistance). or approx. 2-1 short.

If we start to rally from here I would be a buyer above 164/ETH.
Nota
High lower, looking at the resistance trend line here, buying a breakout
Nota
No breakout, forming a triangle pattern, draw line from $132 to $142. Breakout pattern one way or the other.

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