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Ethereum

ETH and BCH needing help from BTC!

Od MCassICT
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It looks to me like ETH is trying to form a H&S pattern. we have a well developed left shoulder and head while the right shoulder is about halway through its development. On a positive note, it has moved above its 200 day moving average which may act as a support should the H&S try to play out. We also have support at the 900 level. If we close a candle below 900 I would wait for a new higher low to be established before getting back in to ETH. I am cautious until this plays out. BCH is also setting up with a bullish ascending triangle so be patient for that one. It has not moved above its 200 day MA but should it break bullish from the triangle, it should.
Uwaga
Check out my newest post specifically on BCH as well. Upside for both of these is very much up to BTC right now which is looking pretty good.
Uwaga
H&S definitely coming together....look for a minor drop to target... snapshot
BCHBCHUSDChart PatternsETHTrend Analysis
MCassICT
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