Initial impression on ETH
ETH/USD COINBASE:ETHUSD
Last ETH drop worked well. Unfortunately it was hidden by my own fault.
ETH is in a period of re accumulation for the next move. We may see some ranging for the rest of the weekend. My initial impression is we’ll go test the open of the 7th then fill out some imbalance from the last drop before dipping again.
I’m not immediately convinced ETH is on it’s way to a HH but I’m still deciding and looking for logic in other markets. It will become clear before I take a position. For now it’s a waiting game to see if we can get a small long after testing the open of the 7th.
