EthereumLong
ETH 6HR Indicating A Retest Of Highs Again
ETH looking good on the 6 Hour with the continuation of the trend.
ETH, however, keeps rejecting at the EMA 34, however looking back on the 6 hours. It has shown a good consistency with Elliot Wave theory. Looks (as it stands) about to start a third impulse wave to the upside which could break through that EMA resistance it has been hiding under for over a week now.
This is a risky trade but early indications show it is gearing up as it is ahead of BTC for the day which is uncommon, ETH usually follows Bitcoin.
ETH, however, keeps rejecting at the EMA 34, however looking back on the 6 hours. It has shown a good consistency with Elliot Wave theory. Looks (as it stands) about to start a third impulse wave to the upside which could break through that EMA resistance it has been hiding under for over a week now.
This is a risky trade but early indications show it is gearing up as it is ahead of BTC for the day which is uncommon, ETH usually follows Bitcoin.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.