ETHUSD Respecting Ascending Parallel Channel

ETHUSD maintaining movement within the ascending parallel channel. Already stopped out in profit and waiting for re-entry? Wait for pullback near the bottom line of the ascending parallel channel. Current next target is $241 the 50% fib retracement level. Healthy pullbacks expected with price movements maintaining within this ascending parallel channel.

The lines across are the fib levels and recent + old supports created through price movements. Possible resistances and supports can also be based on the indicated moving averages.

Good luck!