After catching the (very) bottom placing bids near the RealTime Subtractive (orange flat line), the 1H cloud is now acting as resistance for ETH.

I expect this range to play out similar to the last break-down from the 1Hour cloud. I believe ETH will wick through 1H cloud body, finding support on RealTime, and then consolidation upwards with peaks towards 212 or perhaps slightly above.
The Hourly is proving to be a very valid timeframe to watch for ETH, so break-ups and tests on support should be played on this timeframe to improve the odds of being on the winning side of a trade during the range play over next weeks.
I expect this range to play out similar to the last break-down from the 1Hour cloud. I believe ETH will wick through 1H cloud body, finding support on RealTime, and then consolidation upwards with peaks towards 212 or perhaps slightly above.
The Hourly is proving to be a very valid timeframe to watch for ETH, so break-ups and tests on support should be played on this timeframe to improve the odds of being on the winning side of a trade during the range play over next weeks.
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SNOW_CITY public chat room - Indicator Q&A
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
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.