ETH Parallel Channel: 360 to watch
Watch ETH as it approaches the TL support of the parallel channel at $360.
BULL CASE:
- SWP long-tail wick to 350 TL support
- RSI bullish divergence
- Volume confirmed bounce
BEAR CASE:
- Breakdown of TL support
- Volume increase on dump
- Retest of channel TL as resistance
BULL CASE:
- SWP long-tail wick to 350 TL support
- RSI bullish divergence
- Volume confirmed bounce
BEAR CASE:
- Breakdown of TL support
- Volume increase on dump
- Retest of channel TL as resistance
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