My analysis of this pair suggests that Ethereum is about to break from a huge triangle present in the daily chart. The volume information tells us that the fair value price has shifted up and down 5 times already, in smaller and smaller swings, time and price wise. This is typical triangle behavior. The safest way to trade it is via a breakout, but I think it will just dive down, so, this is a short in my opinion. You can enter on breakout, but I'll leave my forecast for time and price intact.
Cheers, Ivan Labrie
P.S.: Contact me for access to my private groups, currently providing trading signals for BTCCNY futures, analysis on request, private tutoring and also Forex signals and coaching as well.
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Seems to be breaking up. Watch it, no confirmation for long yet.
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Fakeout for now. No trade is safe yet.
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Low liquidity drift. No one's interested in ETHXBT it seems.