Good morning guys,
first of all I wish you wonderful trading-week ;-)
Due to the fact, Bitcoin is so far not successfully trying to overcome it´s Yearly Pivot, Ethereum is also struggling to gain bullish price action here.
The recent breakout-attempt looks very poor and stopped for now at the very first resistance, the Quarterly Pivot, also probably producing a bearish candlestick (it´s necessary to wait for a close on this 3D to get more clues, how strong this actually is or only a small retest).
What we know now is, that the Quarterly Pivot needs to be broken, before the Targets for the (still) bullish falling wedge will have a chance to play out.
In case this will see a breakout after all, the most likely target to be hit is Target 2 and it´s resistance zone within the Ichimoku Cloud, just below $200.
As usual I marked all important levels for you.
Currently Ethereum is maximum a hold.
No buy and no short just yet, going after the indicators we use.
________________________
Neru
first of all I wish you wonderful trading-week ;-)
Due to the fact, Bitcoin is so far not successfully trying to overcome it´s Yearly Pivot, Ethereum is also struggling to gain bullish price action here.
The recent breakout-attempt looks very poor and stopped for now at the very first resistance, the Quarterly Pivot, also probably producing a bearish candlestick (it´s necessary to wait for a close on this 3D to get more clues, how strong this actually is or only a small retest).
What we know now is, that the Quarterly Pivot needs to be broken, before the Targets for the (still) bullish falling wedge will have a chance to play out.
In case this will see a breakout after all, the most likely target to be hit is Target 2 and it´s resistance zone within the Ichimoku Cloud, just below $200.
As usual I marked all important levels for you.
Currently Ethereum is maximum a hold.
No buy and no short just yet, going after the indicators we use.
________________________
Neru
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