ETH has been stuck around the lower brown trendline for a couple of weeks now, in an accumulation phase in the shape of a symmetrical triangle marked in orange.
For the bulls to take over, we need a break above the last high in gray and upper orange trendline.
Knowing that ETH can still form a new swing high before breaking the structure. (projection in purple)
Meanwhile, until the buy is activated, ETH would be trading inside the symmetrical triangle and can still break it downward for another bearish impulse movement.
That's why the post title is inspired by the poem: "The Road Not Taken" by the famous Robert Frost!
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
