ETH/USD - Another chance to buy... are you ready?
ETH was rejected by the resistance, it's almost like BTC and ETH are the same coin with a very similar price action.
In the case of ETH, we're about to re-test our support, again. This would provide a good buy opportunity, but my advice is to wait to see how price reacts there, because a failure of support will provide you with a much better entry later.
Short term the bias remains bearish and we need to break resistance to have confidence in any sustained up-trend. For now this was a lower high, question is if we will paint a lower low? That won't be good for bulls.
We will know tomorrow where we are situated. Trade safely!
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In the case of ETH, we're about to re-test our support, again. This would provide a good buy opportunity, but my advice is to wait to see how price reacts there, because a failure of support will provide you with a much better entry later.
Short term the bias remains bearish and we need to break resistance to have confidence in any sustained up-trend. For now this was a lower high, question is if we will paint a lower low? That won't be good for bulls.
We will know tomorrow where we are situated. Trade safely!
Like and follow if you liked this idea!
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