🔥 Ethereum Retesting Bear Market Resistance
Last week I made an analysis on Ethereum and the fact that ETH reversed from the 14-month bear market resistance.
Congratulations if you took the trade.
As of yesterday, ETH has successfully broken out through the resistance, and is currently in the process of retesting the resistance as support. Keep in mind that a bullish move from this point would be a very convincing bullish signal.
Ideally, one would wait for a weekly close above the resistance to confirm the bullish bias.
Same goes for my Bitcoin break out analysis below. If we can close the week above the break out area, it would signal a lot of strength.
Do you think this break out is legit, or is it just a fake out? Share your thoughts🙏.
Congratulations if you took the trade.
As of yesterday, ETH has successfully broken out through the resistance, and is currently in the process of retesting the resistance as support. Keep in mind that a bullish move from this point would be a very convincing bullish signal.
Ideally, one would wait for a weekly close above the resistance to confirm the bullish bias.
Same goes for my Bitcoin break out analysis below. If we can close the week above the break out area, it would signal a lot of strength.
Do you think this break out is legit, or is it just a fake out? Share your thoughts🙏.
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Feragatname
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