The price action on ETH vs BTC has broken the hypothetical neckline on ethereums cup and handle and we have seen a nice bullish spike up because of it...however there were other higher candle bullwicks to the left of our rojected cup which means if the price action stops here at the same height as those bullwicks and turns back downward that this is the rea neckline height of the cup and we will likey start making the real handle from here...if we continue upward however then the real neckline is already in and the pattern has already been triggered...if we turn back downward and start forming a new handle it may be wise to short until the handle reaches its apex. For now though a potential triggering of ether's cup and handle pattern is very much in play.
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