More sideways trading for eth for now, looking for volume as its running pretty flat. There are 2 major resistance lines right now. The first resistance is being tested right now but without the volume needed its going to be tough to break out but if it does then look for a swing up to the 2nd resistance(labeled in chart) we should see a nice upswing if both these are broken to the target area marked before another potential pullback. If the bears jump in heavy here we could see a pullback to the 400 region but bulls are fighting hard to not let it see those levels. comfirmation of broken resistance line is needed before im confident hopping on this trade right now but am keeping a close eye on it. As always this is not financial advice as im just a clown with a keyboard and half a brain
Note
looks like bearish scenario is coming in and i will be reavaluating the bottom soon, as mentioned i think 400 region is next support right nowTrade active
slightly broke 400 but bounced back above and showing bullish divergence. im in longTrade closed: stop reached
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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.