ETH has been a test of patience lately and has been in this sideways price action since 08-MAR. We did see a test of key level (1,930) but nothing came out of it but more sideways. However, something tells me we may be about to see another test of 1,930 soon, especially if we see a break above current price levels.
Note that many traders are probably looking at current price structure as bearish (resembling a H&S pattern) and sellers could be jumping in, anticipating a move lower. If you're a bull like I am, you'll see these as potential trapped bears...
Place your bets, folks!
Note that many traders are probably looking at current price structure as bearish (resembling a H&S pattern) and sellers could be jumping in, anticipating a move lower. If you're a bull like I am, you'll see these as potential trapped bears...
Place your bets, folks!
Note
Breakout is weak but a breakout nonetheless. We may see more trading range price action before continuing higher (or lower). Hard to predict/read given that we've been going sideways for weeks now.Note
My personal bias is still up though.Note
Wrong here. Things could could lower in the near term so I've set buy orders below 1600 to add to my hodl bag.see the updated chart here:
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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.