Eth cup and handle unless downtrend formed

2 May 2017

Fear is worse than greed, we have seen so many times happened in crypto market. Majority people are still with eth and accumulation is stronger than never. 4 hour RSI haven't reach its bottom, therefore, more dumping can happen. Tons of new project build on eth has been announced and I think there will be more in the future. short from 0.055-56 and buy back at 0.46-0.48. Next target 1.618 fib which is at least 0.093 btc.

5 May 2017

Not

Smaller handle means strong bullish trend is coming, accumulation continues, if RSI break resistance, eth can sky rocket! enjoy the moment. If not, we might see different trend form and corrections will follow.