Long

Possible move up? ETHUSD

Updated

Chart update: Everything is reversing off their lows and we are right at this resistance level and trendline for ETH. There isn't much in the way of resistance until 500. A little at 450, but not much to prevent it moving if it really gets going.

Look for a break to the upside here if we crack this $405 area. It's KINDA forming an inverse head and shoulders here similar to BTC. I outlined what I think could happen, but it could drift for a while. Look for ETH/BTC to reverse it's downtrend for ETH to really start popping to the upside.

My original call-

Happy Trading. If this analysis helped or my last one, make sure you smash that like button to let me know. Appreciate it.

-Sherem

Note

Most of the sells are at $410, not 405, look to break that for a move up. We're getting there.

Note

We're looking good. Up we go.

Note

Adjusted my lines, we should see support at this 395-405 level. Not surprised we are doing this before continuing up again

Note

Obviously, my lines in my update I posted were to soon. If we don't find support in this channel and break 360 it's possible we go down to the 300. Be aware of that. I do have buys down at 326 and another further laddered down. If you are using a stop, below 360 and possibly arguably below 350 is where it should be placed.

Sherem

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