ETH - Testing Critical Support
Here is an update to our previous chart that can be found here: https://www.tradingview.com/chart/ETHUSDT/rRU39vfO-ETH-Entering-Key-Zone/
From that previous post, we did confirm the key zone as support and have been riding our blue trendline to the upside.
Currently ETH is testing this blue trendline and will tell us exactly what wit happen next.
If we continue to close candle bodies at or above this blue trendline UPtober will continue.
If not, most likely we get a flash crash back into the green box or around $2,200 and if the bulls can eat up the liquidity quickly and recover the blue line then UPtober will continue.
Either scenario seems good for the crypto market given the price levels we are defending, but depending on what happens at this blue line will determine a flash crash or not.
From that previous post, we did confirm the key zone as support and have been riding our blue trendline to the upside.
Currently ETH is testing this blue trendline and will tell us exactly what wit happen next.
If we continue to close candle bodies at or above this blue trendline UPtober will continue.
If not, most likely we get a flash crash back into the green box or around $2,200 and if the bulls can eat up the liquidity quickly and recover the blue line then UPtober will continue.
Either scenario seems good for the crypto market given the price levels we are defending, but depending on what happens at this blue line will determine a flash crash or not.
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