ETH 1 HR Bearish Triangle, might retest

30 Tem 2017

Following a bullish reversal, ETH surpassed $200 and bounced hard off $210. As a result, we now have a short term bearish triangle forming on 1 hour charts, flat bottom and angling down. Look for breakout of triangle. Our 190 support level and 210 strong resistance levels are still intact.

If this breaks down past 190, we could see price at $175. With a breakout upwards, it needs enough support to break 205 and 210 resistance levels, which are strong bearish lines developing from our last pennant formation.

30 Tem 2017

Not

Appears as if there is a bullish divergence appearing on the 1 hour charts, coordinating with lower lows. This thing might take off north again.

31 Tem 2017

Not

Attempting breakout pattern from previous high again. Needs momentum to breakthrough the 200-210 resistance levels. Watch closely at this level.