Ethereum (ETHUSD): New Buying Opportunity

Previously, I anticipated a minor pullback from $220 to Fibo levels before a new move upwards. Schiff pitchfork was applied as a price channel (resistance).

Now the pullback has likely ended, and a move beyond $237 generates a buy signal.

Kommentar:

Unfortunately, price didn't reach $237 to generate a buy signal. It is better to stay out of the market for the time being. If a 4H bar closes within the pritchfork, selling is likely to accelerate. Chart update is due.