Lately we have been covering both shorts and longs and we were quite correct here and here
ETH looks much better than few days ago but still bulls have a lot of work.
What I like on the chart:
Weekly demand zone holds ( blue )
staying above 125/120 ( breaking below may expose 105/100 again ) after rejection at 160 but not panic seen yesterday,
so I do believe bulls will try again to take out that level.
Taking medium/long term perspective into consideration 175/185 might be the biggest challange
What I dont like on the chart:
Comparison ( distance ) of the latest move to the September rally,
so if bulls fail at 120 quick move down to 105/100 and 80 is likely.
Summary: Longs in play below 130 with stops below 118 ( based on daily close ) targeting 170/180
