EthereumLong
ETH - Holding Resistance as New Support
Here on the 1H we can see a great long setup being establish. We have double bottomed on 1H oversold (RSI). We have held our candles at the last low (Green line). Eth is holding our trendline of old resistance and trying to flip it into new support. I am still bearish on the macro, but on the micro this could be a great scalp long.
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.