Ethereum is finishing a sideways move, and a redraw was needed.
A triangle is formed and almost fulfilled as the 2. blue wave. Volume is fading towards the apex of triangle.
Expect next move to jump over top of the triangle for a 1. green wave in blue 3.
These are just my thoughts, not a trading advice.
If you have another view on this charts your welcome to discuss and post your charts in the comments.
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Great analysis! What do you think will happen with litecoin?
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Thanks! I think my litecoin analysis from yesterday is still valid, and the sideways move now would be part of 2.wave.
@thedolphin/litecoin-ltc-7-feb-18-double-bottums-chickun-up
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To the moon!
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I saw some other TA charting that too. I hope that is whats happening. Kind of reminds me of back in late Dec...when it shot up to 850...then came "crashing" down to as low as $550 area or so...then spent some time hovering around $750....then it shot up past $850 and then later shot up again...until we hit that $1,400 mark...hopefully this time/soon it'll go much much higher than $1,400.
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