works2020

ETHBTC Cup Formation Forming

Long
works2020 Updated   
BINANCE:ETHBTC   Ethereum / Bitcoin
- increasing volume needed to sustain a breakout "if" cup formation continues, as of writing this volume looks promising
- Volume, RSI and Accumulation strong, no divergence
- concerned BTC may pull back from 60k from strong resistance, it's struggling as I write this. If BTC moves lower will likely create pressure on ETHBTC

Expecting to trade this coming week to the top of the cup and possibly into breakout area. Can only keep an eye on it and see how this unfolds.
Trade closed: target reached:
waiting for the price to settle back into the cup portion to evaluate how the position is moving towards a breakout area.

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