Alright we have found a nice support and resistance to create a rising channel.
Usually with these rising channels, The reistance tends not to be touched after 2 touches, but the support will. This is why keeping an eye out for that support level will be very crucial! Currently just like BTCUSD, I will not enter or recommend entering any trades until we have a valid bounce off of that support line.
Expect ETHUSD to hit levels under $150, or even just slightly above that.
If the support is resepcted I definetly see a retest around $160, which if executed right, could yield up to 10-15% ROI! Also, I will be looking for a very low RSI and MACD momentum change.
Usually with these rising channels, The reistance tends not to be touched after 2 touches, but the support will. This is why keeping an eye out for that support level will be very crucial! Currently just like BTCUSD, I will not enter or recommend entering any trades until we have a valid bounce off of that support line.
Expect ETHUSD to hit levels under $150, or even just slightly above that.
If the support is resepcted I definetly see a retest around $160, which if executed right, could yield up to 10-15% ROI! Also, I will be looking for a very low RSI and MACD momentum change.