Let's jump right in to this ETH analysis. We are getting really close to where it's going to start moving sideways IF the last pattern holds true. You can see that if this holds true, the timing will be similar to where the trendline is. MACD is creating a REALLY close pattern and RSI is also looking almost identical to last time.
Couple interesting notations about this:
1. IF the pattern moves like last time, we will actually move past the trendline, or maybe break above. This WILL be a bull trap for a lot of people as they will think it's the signal to jump in the market at this point with the broken trendline. But we will know it's not and we can exercise patience and caution to wait for a better entry point and signal.
2. This will drop us to our buy zone around 375. We will start buying down there and adjust ladders accordingly down that direction.
Happy Trading,
-Sherem