$ETHBTC 1HR Major Trendline Resistance
Ethereum/Bitcoin is testing its major trendline resistance after 2 weeks of rejections and now a 5th attempt to break is really trying hard.
This goes hand in hand with the 1D/3D support trendline that it needs to hold. A break here would signal a support hold on the HTF, while a break would be, well, ugly.
Lot of recent choppy price action in the area where the breakout could be headed, so its a bit of a tossup. Break back down and .0675 should be a key support.
This goes hand in hand with the 1D/3D support trendline that it needs to hold. A break here would signal a support hold on the HTF, while a break would be, well, ugly.
Lot of recent choppy price action in the area where the breakout could be headed, so its a bit of a tossup. Break back down and .0675 should be a key support.
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.