We've seen a nice up movement for ETH up to 243 resistance level, where it bounced off.
I expect to see a little pullback to intersection of 0.618 level and upwards trendline as price is moving in an ascending triangle.
(More information regarding triangles can be found here.)
We could face a buy opportunity when price breaks the horizontal resistance line with profit level around 270 levels.
Stop loss can be placed under resistance line.
Any thoughts?
I expect to see a little pullback to intersection of 0.618 level and upwards trendline as price is moving in an ascending triangle.
(More information regarding triangles can be found here.)
We could face a buy opportunity when price breaks the horizontal resistance line with profit level around 270 levels.
Stop loss can be placed under resistance line.
Any thoughts?
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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.