End of week look at ETH
Hi all,
Looking at the ETH/USD pair and as commented on Wednesday, we are still caught in the $240-$230 zone with $235 acting as local resistance now.
The bear pennant that was being formed in the last few days resulted in another drop, but the heavy support level at $230 once again proved its stability. If broken, then the downward movement will take us down to $216-$220 - a level that I consider as the mid-term bottom, so - good buying opportunities.
Up, the targets remain the same - $235 and $240.
Looking at the 4-h chart, I see two possible scenarios:
Yellow and Green arrows
Cheers,
Looking at the ETH/USD pair and as commented on Wednesday, we are still caught in the $240-$230 zone with $235 acting as local resistance now.
The bear pennant that was being formed in the last few days resulted in another drop, but the heavy support level at $230 once again proved its stability. If broken, then the downward movement will take us down to $216-$220 - a level that I consider as the mid-term bottom, so - good buying opportunities.
Up, the targets remain the same - $235 and $240.
Looking at the 4-h chart, I see two possible scenarios:
Yellow and Green arrows
Cheers,
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.