ETH - quick view
Quick #ETH view
ETH has been moving in the uptrend channel since January 3rd and it continues to respect it. We have made a new two new all time highs since we entered this channel and retested the support line of the channel.
At the moment of posting we are breaking over the secret EMA cloud, which if confirmed we can see a retest of the channels resistance line. If ETH gets rejected from exiting the cloud we will surely see 1250 levels again.
1250 level seems like a good spot to place longs now. I am waiting for 4hr candle to close above the ema cloud and then opening long.
ETH has been moving in the uptrend channel since January 3rd and it continues to respect it. We have made a new two new all time highs since we entered this channel and retested the support line of the channel.
At the moment of posting we are breaking over the secret EMA cloud, which if confirmed we can see a retest of the channels resistance line. If ETH gets rejected from exiting the cloud we will surely see 1250 levels again.
1250 level seems like a good spot to place longs now. I am waiting for 4hr candle to close above the ema cloud and then opening long.
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