$ETH has spent four days doing almost nothing, and that's the interesting part.
On Nov 4 it ripped to $2,450 on Binance, then gave the whole move back on Nov 5. Since then every daily candle has stayed between $2,206 and $2,255 and it's sitting near $2,237 right now. ETH/BTC is around 0.0295, so it isn't outperforming either.
My plan through Nov 14, with US CPI on Tuesday as the likely trigger:
- A daily close above $2,255 opens a move toward $2,310 to $2,320 (the Nov 2-3 highs).
- A daily close below $2,206 puts the Oct 30 low of $2,174 back in play.
Slight bearish lean while it stays under the box top. I'm wrong if ETH closes a day above $2,320 and holds it.
#ETH #Ethereum #CryptoMarket #PriceAnalysis
NFA
On Nov 4 it ripped to $2,450 on Binance, then gave the whole move back on Nov 5. Since then every daily candle has stayed between $2,206 and $2,255 and it's sitting near $2,237 right now. ETH/BTC is around 0.0295, so it isn't outperforming either.
My plan through Nov 14, with US CPI on Tuesday as the likely trigger:
- A daily close above $2,255 opens a move toward $2,310 to $2,320 (the Nov 2-3 highs).
- A daily close below $2,206 puts the Oct 30 low of $2,174 back in play.
Slight bearish lean while it stays under the box top. I'm wrong if ETH closes a day above $2,320 and holds it.
#ETH #Ethereum #CryptoMarket #PriceAnalysis
NFA
