ETHUSD Market Update - 4/26/21
Updated
Weekly candle just closed on ETH and painted the bottom of the weekly at $2189 earlier today with that hammer candle on the daily.
ETH regained the longer term upwards channel and looks like tis going to continue running now after regaining multiple levels of resistance turned support.
Expect an obvious retest of the $2400 level before moving back up as people are selling short to try and fill up their longs.
I've called out $2700 multiple times but have gotten shaken out, lets see if this time we hit it.
Let's get it boys keep it up, let's all make money
ETH regained the longer term upwards channel and looks like tis going to continue running now after regaining multiple levels of resistance turned support.
Expect an obvious retest of the $2400 level before moving back up as people are selling short to try and fill up their longs.
I've called out $2700 multiple times but have gotten shaken out, lets see if this time we hit it.
Let's get it boys keep it up, let's all make money
Trade closed: target reached
Quick update on the 4H time frame of ETH, we just hit the $2709 TP Fib level as well as topped out on this upwards channel.
I took some profits along $2709 and am waiting for re-entry along the $2425 - $2531 zone before we continue moving higher.
Also take note that the new monthly close is tomorrow and there should be some decent red painting of that candle for the month before the pump.
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.