Good morning guys,
first of all I wish you wonderful trading-week ;-)
Due to the fact, Bitcoin is so far not successfully trying to overcome it´s Yearly Pivot, Ethereum is also struggling to gain bullish price action here.
The recent breakout-attempt looks very poor and stopped for now at the very first resistance, the Quarterly Pivot, also probably producing a bearish candlestick (it´s necessary to wait for a close on this 3D to get more clues, how strong this actually is or only a small retest).
What we know now is, that the Quarterly Pivot needs to be broken, before the Targets for the (still) bullish falling wedge will have a chance to play out.
In case this will see a breakout after all, the most likely target to be hit is Target 2 and it´s resistance zone within the Ichimoku Cloud, just below $200.
As usual I marked all important levels for you.
Currently Ethereum is maximum a hold.
No buy and no short just yet, going after the indicators we use.
________________________
Neru
first of all I wish you wonderful trading-week ;-)
Due to the fact, Bitcoin is so far not successfully trying to overcome it´s Yearly Pivot, Ethereum is also struggling to gain bullish price action here.
The recent breakout-attempt looks very poor and stopped for now at the very first resistance, the Quarterly Pivot, also probably producing a bearish candlestick (it´s necessary to wait for a close on this 3D to get more clues, how strong this actually is or only a small retest).
What we know now is, that the Quarterly Pivot needs to be broken, before the Targets for the (still) bullish falling wedge will have a chance to play out.
In case this will see a breakout after all, the most likely target to be hit is Target 2 and it´s resistance zone within the Ichimoku Cloud, just below $200.
As usual I marked all important levels for you.
Currently Ethereum is maximum a hold.
No buy and no short just yet, going after the indicators we use.
________________________
Neru
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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.
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.