ETHUSDT Preview After this Recent Breakout
Updated
Bullish Biased due to the upcoming Consensus 2018
>Ether just broke the 720 resistance and reached up to 730 earlier. The price is now bouncing at 705 to 725 zone as clearly seen in 1hr chart.
>Another 4hr candle stick bounce above 720 will confirm a good support at that level and may trigger another run.
>700 at the moment is a good support but a break below it may abort this bullish run and may swing the price to 630 (but seems less probable because of upcoming consensus).
>The ETH price is above my cap handle and a break above 745 may push the price up to 880 going to this weekend.
>StochRSI is at the top at 4hr chart, some swingers may short at this time, hopefully not including whales so 715 to 720 support would still hold
**Reminder
>Please be always cautious of your entry and exit trades since ETH most of the time moves almost the same with BTC
**Disclaimer;
>This is just my 4th TA, still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
>Ether just broke the 720 resistance and reached up to 730 earlier. The price is now bouncing at 705 to 725 zone as clearly seen in 1hr chart.
>Another 4hr candle stick bounce above 720 will confirm a good support at that level and may trigger another run.
>700 at the moment is a good support but a break below it may abort this bullish run and may swing the price to 630 (but seems less probable because of upcoming consensus).
>The ETH price is above my cap handle and a break above 745 may push the price up to 880 going to this weekend.
>StochRSI is at the top at 4hr chart, some swingers may short at this time, hopefully not including whales so 715 to 720 support would still hold
**Reminder
>Please be always cautious of your entry and exit trades since ETH most of the time moves almost the same with BTC
**Disclaimer;
>This is just my 4th TA, still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
Note
>btw RSI is at the top at 4hr chart, some swingers may short at this time, hopefully not including whales so 715 to 720 support would still holdNote
**StochRSI i mean
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