#ETH meeting resistance- Scalp Entries
Updated
ETH has to make a decision here. ( Purple box has been serving as resistance over the last 12 days )
Bullish Scenario :
A break out to the upside with a close above 1266- could signal we bottomed. Making 1400 area our next big obstacle.
Bearish Scenario:
1255 area is strong resistance for now. Could break out of ascending triangle and re test the 1067 area ( .5 Fib) - A close below 1067 could signal another trip to the 3 Digit ETH levels for a retest in the 916 area.
What ae you thoughts on ETH?
GL out there.
Bullish Scenario :
A break out to the upside with a close above 1266- could signal we bottomed. Making 1400 area our next big obstacle.
Bearish Scenario:
1255 area is strong resistance for now. Could break out of ascending triangle and re test the 1067 area ( .5 Fib) - A close below 1067 could signal another trip to the 3 Digit ETH levels for a retest in the 916 area.
What ae you thoughts on ETH?
GL out there.
Note
Note
Daily View 
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.