ETH forming new mode

7 Mar 2017

ETHUSD is forming a new mode around 19.2 Price will have to break above 20.73 or below 18.14 to give an indication of final direction. MACD and SQZMOM are still indicating slacking momentum so I think a down breakout is still more likely. Fakeouts abound in cryptos however, so you will have to determine for yourself whether a breakout is "real" or not. Good luck.

8 Mar 2017

Catatan

Price has dropped below the previous mode. We will have to wait for the current period to close, but a continued downward movement seems likely.