Critical Moment of Ethereum!
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Hello All!
As you can see we are still holding onto the channel. We are at a critical moment with Ethereum & Bitcoin as they consolidate near our important zones. A breakdown from these support levels would indicate to re-test our previous support zones. If we hold we will push towards all-time highs.
Short Trade Setup:
A break and close under 3600 and retesting the support as a new resistance along with similar price action from Bitcoin we can expect lower moves. Most likely these moves will be followed by fast price action so for traders it is important to set your alerts.
Long Trade Setup:
If we hold this support zone and have a strong move in the bitcoin price, I will be looking to buy along support and again if we break and close above the minor resistance forming. We will then most likely see $5,000 Ethereum.
As you can see we are still holding onto the channel. We are at a critical moment with Ethereum & Bitcoin as they consolidate near our important zones. A breakdown from these support levels would indicate to re-test our previous support zones. If we hold we will push towards all-time highs.
Short Trade Setup:
A break and close under 3600 and retesting the support as a new resistance along with similar price action from Bitcoin we can expect lower moves. Most likely these moves will be followed by fast price action so for traders it is important to set your alerts.
Long Trade Setup:
If we hold this support zone and have a strong move in the bitcoin price, I will be looking to buy along support and again if we break and close above the minor resistance forming. We will then most likely see $5,000 Ethereum.
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