Ethereum still moving sideways within a broad ascending channel.
Currently compressed below BB middle line.
Volume down, flat MACD, mixed oscillators.
Likely to see a crucial test of the lower limit of the ascending channel.
If so there is a support area around 2700$ (2750-2500$ currently), which may spark a bounce.
failing that mind that a close W under 2700$ would be highly troublesome.
So watch it.
Currently compressed below BB middle line.
Volume down, flat MACD, mixed oscillators.
Likely to see a crucial test of the lower limit of the ascending channel.
If so there is a support area around 2700$ (2750-2500$ currently), which may spark a bounce.
failing that mind that a close W under 2700$ would be highly troublesome.
So watch it.
Note
2798$ so far. Hmm ...Note
The thing is ...IF Ethereum may hold 2700$
THEN it may shoot up over 4000$.
Imho.
Watch it and watch BTC.
Note
2762$ low, pretty close to the key area.Trade active
Took a lot at 2803$, stop under support.Let's see.
Note
Note
Removing the stop, and letting it go.All markets are going crazy, hence I'm willing to take a risk.
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Couple lots bought at 1560$, 1322$.Two lots still pending
Note
Possible ETHBTC breakout (diamond involved).
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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.