ETH At weekly resistance.
ETH/USD Update:
Etherum has showed us some great results! Average Limit was filled around $570, yielding us almost 100%.
Please pay attention to the black line above which marks a heavy horizontal weekly resistance. If ETH can not close above this area on 4H and D time frame. It would be risky to buy here.
If we get rejected like we can see happening, best area to buy ETH will be at trend support (dotted red line). I marked the area in blue which indicate best entry area. Current candle holds strong above upper Bollinger Band. If we start break in between the BB we can expect a test to trend support.
A break in trend support will possibly lead us to 713 (lowest local support). There is good signs of volume. ETH is still bullish to me if your a HOLDER.
Etherum has showed us some great results! Average Limit was filled around $570, yielding us almost 100%.
Please pay attention to the black line above which marks a heavy horizontal weekly resistance. If ETH can not close above this area on 4H and D time frame. It would be risky to buy here.
If we get rejected like we can see happening, best area to buy ETH will be at trend support (dotted red line). I marked the area in blue which indicate best entry area. Current candle holds strong above upper Bollinger Band. If we start break in between the BB we can expect a test to trend support.
A break in trend support will possibly lead us to 713 (lowest local support). There is good signs of volume. ETH is still bullish to me if your a HOLDER.
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