ETHEREUM- can we take this as a breakout?!
Hello everyone
In today's charts we had brakeouts on almost all of the crypto assets(NFT's not included).As for ETHUSDT we have a breakout of the resistance level 3050$ which is not a key level YET. We have started the week with a green candle yesterday,So lets hope for the best( everything in this market is 60%-40%).
Considering the last 3 candles on the daily chart on ETH which left an engulfing pattern behind, we may see a good changes in the next couple of days, but just to make sure about the better market, I believe we need a daily candle with smallest shadow possible.So for now this is not a breakout for me as an investor, but for me as a trader, I'm always in.
Next resistance level 3200$
Next support level 2950$
In today's charts we had brakeouts on almost all of the crypto assets(NFT's not included).As for ETHUSDT we have a breakout of the resistance level 3050$ which is not a key level YET. We have started the week with a green candle yesterday,So lets hope for the best( everything in this market is 60%-40%).
Considering the last 3 candles on the daily chart on ETH which left an engulfing pattern behind, we may see a good changes in the next couple of days, but just to make sure about the better market, I believe we need a daily candle with smallest shadow possible.So for now this is not a breakout for me as an investor, but for me as a trader, I'm always in.
Next resistance level 3200$
Next support level 2950$
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