ETH is not done yet
As I said yesterday, the uptrend can no longer keep up the momentum. The top of the uptrend channel was almost reached 47€ which gave the bears are profitable trade.
Bulls need a rest and need to fall back to their front line to the support level of 31 € and major support of 28 € / 30 USD
It is uncertain if the uptrend will be over, or if it will continue to surge higher, but one thing is certain: buy the dip and you will at least make money on a corrective wave.
There are huge things going on in the space of ETH, and major news are released very often at keylines (28-31€ area) so you should watch this thing closely in the next 2-4 weeks.
Bulls need a rest and need to fall back to their front line to the support level of 31 € and major support of 28 € / 30 USD
It is uncertain if the uptrend will be over, or if it will continue to surge higher, but one thing is certain: buy the dip and you will at least make money on a corrective wave.
There are huge things going on in the space of ETH, and major news are released very often at keylines (28-31€ area) so you should watch this thing closely in the next 2-4 weeks.
Note
looks like we have a break outNote
ETH was rejected at the resistance again. classic fake outNote
update: We have a really strange pattern on the 4h and 1h of ETH/BTC. I didn´t see something like this before. Someone is forcing the price to go up and it seems the supply is too low to take the price down again. Well, resistance levels are still intact, but it looks like we are slowly pushing through.I am very cautious with this trade and hold spot positions only.
Note
We broke the ATH! this chart is not valod anymore, please see the linked one
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.