In the ETH / USDT chart, we can see nicely how the correction structure slows down and becomes a consolidation structure. These consolidation / accumulation structures last very short in the crypto, so you need to be ready and have set up for trading.
ETH has stabilized its support between 160$ and 150$, where is also released Fib. level 786 of the whole impulse movement of 2019. This zone is currently our strongest support even according to the historical development of the chart, so we probably will not go below this value anymore. If so, the next Re-buy zone is about 107$ - 100$.
The key zone for ETH is now 195$. If he overcomes this level and is able to stay above it, it will be a bullish signal to buy ETH. Again I chose the resistances as targets that ETH has to overcome gradually.
ETH is in the tracking phase and I will enter this trade only above the Key zone or in the predicted Buy zones.
ETH has stabilized its support between 160$ and 150$, where is also released Fib. level 786 of the whole impulse movement of 2019. This zone is currently our strongest support even according to the historical development of the chart, so we probably will not go below this value anymore. If so, the next Re-buy zone is about 107$ - 100$.
The key zone for ETH is now 195$. If he overcomes this level and is able to stay above it, it will be a bullish signal to buy ETH. Again I chose the resistances as targets that ETH has to overcome gradually.
ETH is in the tracking phase and I will enter this trade only above the Key zone or in the predicted Buy zones.
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