ETH was rejected by the resistance, it's almost like BTC and ETH are the same coin with a very similar price action.
In the case of ETH, we're about to re-test our support, again. This would provide a good buy opportunity, but my advice is to wait to see how price reacts there, because a failure of support will provide you with a much better entry later.
Short term the bias remains bearish and we need to break resistance to have confidence in any sustained up-trend. For now this was a lower high, question is if we will paint a lower low? That won't be good for bulls.
We will know tomorrow where we are situated. Trade safely!
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In the case of ETH, we're about to re-test our support, again. This would provide a good buy opportunity, but my advice is to wait to see how price reacts there, because a failure of support will provide you with a much better entry later.
Short term the bias remains bearish and we need to break resistance to have confidence in any sustained up-trend. For now this was a lower high, question is if we will paint a lower low? That won't be good for bulls.
We will know tomorrow where we are situated. Trade safely!
Like and follow if you liked this idea!
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📣 Find more Alpha by joining Your Crypto Community:
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.