Clear break from the sloping resistance, If you see my previous chart i was expecting ETH to pull back after touching that area, but we managed to pump past that resistance.
Have we seen the lows for the last time?
Short term yes, looks like it - but for the long term i think we still have a bit more room to correct, i still have my low target around 50$. Volume isn't exactly high , abeit moving up a notch.
I expect a re test of the resistance around 150$ before a correction, right now ETH is overbought, i think we will see a cooldown before trying to reach 165$. If we manage to push past 165$ things will get interesting.
Have we seen the lows for the last time?
Short term yes, looks like it - but for the long term i think we still have a bit more room to correct, i still have my low target around 50$. Volume isn't exactly high , abeit moving up a notch.
I expect a re test of the resistance around 150$ before a correction, right now ETH is overbought, i think we will see a cooldown before trying to reach 165$. If we manage to push past 165$ things will get interesting.
Note
recent pivot signals ascending triangle = bullish!Note
I see us going sideway but slowly grinding down to low 120$ range before bouncingNote
IM BULLISH finally really bullish lolDisclaimer
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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.