ETHUSDT - Calm before the push
As per previous analysis, ETHUSDT played out to the Day-Fibs, by bouncing of the 0.618 fib zone and breaking the previous daily resistance high.
However, despite breaking previous high, the candle closed with a long wick, indicating a substantial amount of bearish strength in that zone.
Base on TA, I expect a couple of sideways and whiplash, while ETH takes a choppy climb up to retest the structure high at 21xx levels.
That said, watch out for fundamentals. It's crypto.
Enter upon confirmation to reduce risk!
However, despite breaking previous high, the candle closed with a long wick, indicating a substantial amount of bearish strength in that zone.
Base on TA, I expect a couple of sideways and whiplash, while ETH takes a choppy climb up to retest the structure high at 21xx levels.
That said, watch out for fundamentals. It's crypto.
Enter upon confirmation to reduce risk!
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