ETH has tested support on this orderblock and if it successfully breaks resistance I'm looking price action to hit the 2400 level, if that level is flipped support targets can extend to the previous high of the range at 2900. Keep in mind that ETH has it's event this month and the age old story is....Buy The Rumor and Sell The News. Take care everyone, have a great day/night!
Commentaire:
Comment: Forgot to include downside target. They're shown with the yellow horizonal and the Red Box on the bottom is an Order Block. If things break, that's the level to watch. 1800-2000
Stochastics are angled upwards and have rejected the bearish control zone, waiting for confirmation above the neutral zone.
The DMI ADX strength indicator on the bottom is showing bears are losing their grip but it's not set in stone as of yet.