ETHEREUM

[gs612]

I have been posting on twitter for a while under the same handle, & have been covering $ETH from ~290.
I want to take a look at the current setup on the short frame.
(Please note that short frame is extremely noisy and always <long frame sets)
We have an ihs (inverse head and shoulder) with an out sized bullish reversal candle in the head formation, propping up a well defined Ascending Triangle. While the setup can ignite an extremely bullish momo move, the thin volume on breakout is concerning.Often, when vol on break lacks, we see check backs to prior R (1080)and below.
Has to hold 1121 for constructive momo & push towards 1167.
Break above 1167, ON VOL,will bring a retest @ 1240 & 1308
Failure under 1076 will bring about a back test to 960.

If the volume does not come in sub 1200, we risk setting up on an elongated "Asc/running wedge" which will dramatically shift the whole r/r equation.
Disclaimer: I have 1/2 long position remaining, looking for a break towards 1320 & moved stops up to 960.