The black line in this chart is clear resistance. Bulls will need a solid move above the dark black line in order to achieve a short term objective of turning ETH/USD around. Currently a nice strong move from yesterday;s target low in the upper 170's. Appears to be some quick consolidation on the 1 minute chart. Bull flag? Or hitting some resistance? We will soon know.
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This chart brought to you by 0x521b495fc2D065787F21c5a2d6560e8dD141a4f4
Note
Correction - dark BLUE line of resistance...
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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.