ETHUSD - has a cup and handle pattern and broke out from resistance zone. It could go upto $1040. Note that Alts are growing too fast compared to BTC. BTC is still in consolidation zone...any negative trend in BTC could bring down alts too fast...so use Stop Loss carefully. So far...overall market is showing positive momentum...and BTC consolidation is good for that market. Hope things will continue to become better...
Disclaimer: This is just my opinion, not an advice. Trade at your own risk.
Disclaimer: This is just my opinion, not an advice. Trade at your own risk.
Note
Next resistance is right around $800 zoneNote
It got rejected around resistance area and now another big C&H is forming. It is at resistance level in 4H chart and moving towards daily resistance. After the breakout trend should be stronger. Remember BTC should stay above $10,200 for positive market momentum.Trade closed manually
4Hr chart - Price got rejected at resistance zone (around 780) and fell to support zone $685. Overall market is still weak.
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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.