Eth has bounced from daily MA100 and is trading above.
Bullish case: If market keeps tradng above daily MA100, we can expect to break upwards the upper channel of the wedge, which we have fail to break until now.
Bearish case: If market goes below daily MA100, new support levels to look at would be:
- 0,618 fib retracement ( 725s usd)
- double bottom ( 565s usd)
and 425 usd
Bullish case: If market keeps tradng above daily MA100, we can expect to break upwards the upper channel of the wedge, which we have fail to break until now.
Bearish case: If market goes below daily MA100, new support levels to look at would be:
- 0,618 fib retracement ( 725s usd)
- double bottom ( 565s usd)
and 425 usd
Note
As mention above, Market is continuing to consolidate above daily MA100. we can add to our long positions
Note
eth keeps consolidating above daily MA100Note
MARKET hits first support at 0,618 fib retracement
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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.
Related publications
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.