TheChartGuys

ETH Beautiful bounce holding a higher low

COINBASE:ETHUSD   以太坊/美元
$15+ bounce for the bulls to feast on as we hit oversold 15 min RSI .
We did not even see hourly oversold RSI as we were in such a strong position to start with, which is why timing BTC             correlation for the bounce was key.
We now clearly have $350s support and $370s resistance in a range.
The higher low after the rejection in the mid $370s is forming an ascending triangle pattern, with higher lows and a horizontal resistance line.
Award from the big 3 for best looking bounce goes to ETH, and we will continue to watch this pattern for the next day or two as it continues to tighten.
Your analysis is true and solid. However, none of it will matter if tether implodes.
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