TradeCobra

Ethereum Under 2 Resistance Levels. (ETH)

COINBASE:ETHUSD   Ethereum / U.S. Dollar
This setup currently worries me. Could be good for alts!

We have had a nice impulse of roughly 50% to the upside and now we have seem to of broken upward support as we start to shift towards the right under previous high.

Candles are compressing for a lot of indecision under horizontal Resistance and the upward old support which is now acting as Resistance.

$215 would see like a good price to try and fire long on a breakout to the upside, for now I'm bearish .

If we crack and drop we could see it head towards that previous low of support.

Notice the history marker at bottom of support when I fired long!
Click it and press play.😉

Good luck, have an awesome day!

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Comments

Do you think a big dump will come later on, or the bull market has started?
+1 Reply
TradeCobra GranuleSacks
@GranuleSacks, all depends on how the monthly closes
+1 Reply
FallingWedge TradeCobra
@TradeCobra, agree. This week is the answear
+1 Reply
TradeCobra FallingWedge
@FallingWedge, 😁 yes we will see, thanks for the comment
Reply
TradeCobra GranuleSacks
@GranuleSacks, thank you for your comment ✌
Reply
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