Hi all,
Just like BTC, ETH made a short pullback on Sunday and extended it today. Unlike it, however, it did not break below an uptrend line, making it significantly more stable compared to its big brother.
What I will be looking at from here is to open longs down to $216-$220 support zone. Recapturing $230 is the next target upwards.
The rising wedge resulted in a break below the support zone as predicted, so nothing surprising here from technical levels perspective.
Just like BTC, ETH made a short pullback on Sunday and extended it today. Unlike it, however, it did not break below an uptrend line, making it significantly more stable compared to its big brother.
What I will be looking at from here is to open longs down to $216-$220 support zone. Recapturing $230 is the next target upwards.
The rising wedge resulted in a break below the support zone as predicted, so nothing surprising here from technical levels perspective.
Transaction en cours:
Alright, so just as predicted ETH rebounded from the area around $216-$220 and is now trading at $227. I closed some longs.
This is 4-h chart