An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of professional Traders.

Technical Analysis

Good Morning!

I have been receiving quite a few community requests to please have a look at ETH. Here you go...

Ethereum ETH$ (4h)

I have been feeling a bit worried about the bullish sentiment towards ETH$ for quite some time now. Over the course of last month, we started forming a potential rising wedge, which is a bearish pattern when resolved.

But within it, I started to see a potential ascending triangle (dotted line for the upper leg). With the combination of these potential patterns, there is a fairly clean opportunity to either trade the upmove or break to the downside.

I see continued bullish momentum above $1,440 - at least to the upper leg of the potential rising wedge.
If we break below $1,250, I will consider the rising wedge pattern as confirmed and look for further pressure towards the $1,000 level.

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