ETH is currently parked on a pivot and seems to be breaking it a big. I'm running two from low prices last weekend. Before I add additional ETH, I will look for a four-hour bull pattern either at this pivot or lower at the uptrend line. We may be looking for more of a pullback with the dollar at rest right now and ETH seeking buyers at the lower trendline around $527 price. Everyone have a great weekend!
Trade active:
Looking to move through the resistance at 639. If you are trading this from the support, you should have some of it off unless you are one of the longer term speculators looking for 7000
Trade closed manually:
I've taken one off my original position at 670 and will wait for more trading this weekend. Glad this channel worked. When something is inherently bullish, it tends to operate via standard technical patterns provided the dollar follows suit and the price action can align with it.