ETH – The Worst Is Over.
Praise be, ETH finally managed to break out of a two-month consolidation.
Currently ETH is above the downtrading resistance line and above the 21D & 50D EMAs.
Current resistance is 1930. It is a heavy resistance level, once ETH breaks through it, 2150 USD is next, IMO.
ATM ETH is oversold on the LTF, I do not think it is a good idea to get in now. I would wait for a retest of the EMAs or the trendline.
IF it keeps blasting through, a retest of the 1930 USD as support could be a long opportunity as well, IMO.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
Currently ETH is above the downtrading resistance line and above the 21D & 50D EMAs.
Current resistance is 1930. It is a heavy resistance level, once ETH breaks through it, 2150 USD is next, IMO.
ATM ETH is oversold on the LTF, I do not think it is a good idea to get in now. I would wait for a retest of the EMAs or the trendline.
IF it keeps blasting through, a retest of the 1930 USD as support could be a long opportunity as well, IMO.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
