Found some resistance lines at 283.07 and 290 ETHEUR Found a support line at 265 ETHEUR Put in a Fibonacci Retracement overlay to see some more possible support and resistance lines for the shorter term. Are those two trendlines a pennant pattern? Where is ETHEUR going next? Will it break out and go into bearish market because MACD is losing momentum, RSI is going down and DMI goes under 20 -> losing the bullish trend?
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I think we have seen the breakout starting at the end of the bulish pennant on 18th Nov. It broke through resistance line 283.07 and found support at this line. Hereafter it broke through resistance line of 290 ETHEUR and found support shortly afterwards at this level, after this the price continued even further upward. ;-)