Lets take a look at ETH for the week ahead and highlight some key levels to begin the month of April.
ETH is currently deadlocked within a slightly ascending channel on the daily. In regards to the short term, we have just rejected the $147.50 weekly high and have traded lower today. Like BTC, the weekly closure above/below this key pivot will signal the strength of the bulls.
The next direction is a coin flip currently as well with a break of $150 leading to an upside push and a loss of $142 signaling we will trade into lower support. The next levels of resistance ensuing a breakout higher are the $165 weekly resistance and $180 Monthly resistance regions.
However if we do see a pullback in the overall market: the $135 major pivot is directly below which will be a retest of the counter trendline breakout as well. If we see responsive buying at this level again I believe that could be the retest/bear trap needed to send up back into the prior resistance and rocket ETH higher. But if this pivot is lost we have the daily trendline at $125 to be 1st tested as support. And the $105 weekly and $85 monthly support levels below if the recent bullish push was just a tease lol.
Happy Trading!
ETH is currently deadlocked within a slightly ascending channel on the daily. In regards to the short term, we have just rejected the $147.50 weekly high and have traded lower today. Like BTC, the weekly closure above/below this key pivot will signal the strength of the bulls.
The next direction is a coin flip currently as well with a break of $150 leading to an upside push and a loss of $142 signaling we will trade into lower support. The next levels of resistance ensuing a breakout higher are the $165 weekly resistance and $180 Monthly resistance regions.
However if we do see a pullback in the overall market: the $135 major pivot is directly below which will be a retest of the counter trendline breakout as well. If we see responsive buying at this level again I believe that could be the retest/bear trap needed to send up back into the prior resistance and rocket ETH higher. But if this pivot is lost we have the daily trendline at $125 to be 1st tested as support. And the $105 weekly and $85 monthly support levels below if the recent bullish push was just a tease lol.
Happy Trading!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.