Ethereum / TetherUSUpdated Watching ETH here.
Sideways movement here for ETH, consolidating in the equilibrium area. Volume drying up however I suspect volume will follow the breakout from this pennant , neutral bias for direction at the moment. Hourly 124 MA acting as resistance for now. Bulls want a clean break and retest.
Note
So it seems the breakout was just a fake-out, however still more than 1 hour till the 4hr candle close. If it closes back within the channel and forms bullish hammer candle that would be an interesting development. If it closes outside the channel and new a low is formed, the odds of seeing $105 ETH will be very low. (low odds meaning likely).
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.
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.