Ethereum Bounce @ Weekly Resistance Zone $1,915 🗞️
Updated
The Monthly candle is a Doji candle and with Eth's recent rise has returned back to Break Even on the Month. I'm anticipating that we will have some trouble breaking the $1,915 Weekly supply zone created on the week of May 29th. Ethereum's recent rise of 17% compared to Bitcoin's 25% has been quite disappointing for a smaller market cap cryptocurrency. Although we have broken out of a recent Bearish channel, I can see price pulling back before heading towards medium term highs at $2,121. Additonally we can observe the 2 most recent daily candle's have are shooting star - like candles. The top wick's on each candle being larger than the body of the candle. A Coincidence that these candles have printed at our weekly supply zone $1,915?
Bearish Monthly target for July is $1,660
Favoring Downside Because of Weekly Market Structure Pointing down.
Target's through rest of June and July are
Take profit 1 : $1,786
Take profit 2 : $1,730
Take profit 3 : $1,660
If Wrong, Firstly Cut losses short and the Bullish Monthly target for July is $2,121
Bearish Monthly target for July is $1,660
Favoring Downside Because of Weekly Market Structure Pointing down.
Target's through rest of June and July are
Take profit 1 : $1,786
Take profit 2 : $1,730
Take profit 3 : $1,660
If Wrong, Firstly Cut losses short and the Bullish Monthly target for July is $2,121
Note
Short Idea called at 1874 . Price is on it's way towards Take Profit 1 $1786. Price is at 1845 currently. Through the new weekly candle price is pulling back away from our $1,915 weekly supply level. Anticipating the direction as the weekly candle transitions can be provide great moves in the market. Note
Price once again testing the lows, threatening to break away from the Supply Zone $1,915. It is currently testing the Daily support level that was created yesterday at $1,860 Trade closed: target reached
Just hit TP 3. Took about 2 Months 
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