Ethfinex platform launching soon on 0x protocol. Big things happening for 0x. I am long myself.
Symmetrical doesn't promise upside, but it will provide guidance if it brakes one way or the other.
ETH looks headed to it's near term resistance zone. A break of the triangle should confirm further movement to upside or downside. I am long with stops under $750.
BTC has established an ascending triangle (bullish) formation. On an anecdotal note, i find this pattern to be pretty reliable. Yes, if the resistance (top line) of the triangle is broken, a significant pop typically ensues (see my previous chart on ETH). However, if support (ascending line) is broken, you can bet price will head to the downside. In summation,...
The price channel is pretty clear, however, there is a lot of distance between support and resistance. Being that we're smack in the middle of a large trading range, I may wait to add to my long position until we test support 1 or make another break to $.30.
What matters is $XRP is establishing higher lows, which the ultimate mark of an uptrend. No fireworks...
Looks like ETH is heading to it's resistance line in what may be a short-term breakout. If rejected, should bounce back to support line in the short-term. The real breakout occurs over $400.
