ETH - Enters Resistance, Can The Bulls Hold?
ETH has continued to perform exceptionally breaking 2300, and 2600 resistance and now moves in the 2800-3000 resistance zone.
Analysis:
ETH continues to sit inside a confirmed bullish movement therefore we fully expect the price to continue to make Higher Highs/Lows. However, ETH is inside a resistance zone and at the top of its trend as such, there is some suggestion for a potential reversal. both micro (inside the trend) and macro (breaking the trend).
Strategy:
ETH is sitting in a relatively high-risk position at the moment. Therefore, I am looking for 2 things. A. ETH to fall and bounce around 2850 then potentially test 3k. B. ETH to fall and test the support of the bull channel.
Best of Luck, Like/Follow for more.
Analysis:
ETH continues to sit inside a confirmed bullish movement therefore we fully expect the price to continue to make Higher Highs/Lows. However, ETH is inside a resistance zone and at the top of its trend as such, there is some suggestion for a potential reversal. both micro (inside the trend) and macro (breaking the trend).
Strategy:
ETH is sitting in a relatively high-risk position at the moment. Therefore, I am looking for 2 things. A. ETH to fall and bounce around 2850 then potentially test 3k. B. ETH to fall and test the support of the bull channel.
Best of Luck, Like/Follow for more.
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