ETH: Week long channel

5 Mar 2018

ETH seems to be oscillating within a parallel channel as of late. This is an opportunity for swing traders to make a quick buck. But be careful and watch for channel breakouts.

6 Mar 2018

Not

Support potentially found at channel center line. Watch to see if we bounce back off of it. If we do we may be building toward a bullish breakout.

6 Mar 2018

Not

Fell through the middle of the channel (that's the risk of calling things early ;).
But we got a nice bounce off the bottom. BTC' looks to be recovering, and I'd expect ETH' to go along with it. Not a bad time to open a swing trade with profit targets of 847-857