Ethereum: support & resistance level to look at
Eth has bounced from daily MA100 and is trading above.
Bullish case: If market keeps tradng above daily MA100, we can expect to break upwards the upper channel of the wedge, which we have fail to break until now.
Bearish case: If market goes below daily MA100, new support levels to look at would be:
- 0,618 fib retracement ( 725s usd)
- double bottom ( 565s usd)
and 425 usd
Bullish case: If market keeps tradng above daily MA100, we can expect to break upwards the upper channel of the wedge, which we have fail to break until now.
Bearish case: If market goes below daily MA100, new support levels to look at would be:
- 0,618 fib retracement ( 725s usd)
- double bottom ( 565s usd)
and 425 usd
Kommentar:
eth keeps consolidating above daily MA100
Kommentar:
MARKET hits first support at 0,618 fib retracement
we can add to our long positions