Strategy, Support, and Resistance - 3/27/2022Catching up to the market moves over the last week. Bitcoin, Ethereum, and all Cryptocurrency is trending bullish with an official bullish breakout since November. I look at the target Resistances for this current trend. Traders and Investors are slowly beginning to accept that the stock market is recovering from the recent correction as the S&P 500 has hit and broken the Resistance. Stocks like NVDA and TSLA are recovering well. I think that Oil may have topped out.
Ethsd
ETHBTC Reversal?ETH showing signs of strength!
ETHBTC has made a clear higher low on the daily and we are still currently sitting withing a highly traded range on the profile. We are testing this .0380 resistance as we speak and the bulls need to break through this and close above to prove they are in control, however if we don't break this resistance then I expect a move downwards again. A higher high would be great for confirmation then I have indicated some entry points for that.