ETH/USD
Bullish Case
- Break out above $1,360
- Daily MACD and Histogram reversing
- Symmetrical Triangle, 20% chance breaking upside
Bearish Case
- Heavy resistance zone currently at $1330 area which was once support
- CME close of $1289
- Symmetrical triangle in a downtrend tends to be a continuation patter.Strong Support at the $45 level shown by the Volume Profile
I am more bearish than bullish, thoughts?
Bullish Case
- Break out above $1,360
- Daily MACD and Histogram reversing
- Symmetrical Triangle, 20% chance breaking upside
Bearish Case
- Heavy resistance zone currently at $1330 area which was once support
- CME close of $1289
- Symmetrical triangle in a downtrend tends to be a continuation patter.Strong Support at the $45 level shown by the Volume Profile
I am more bearish than bullish, thoughts?