Hangfire

ETH Analysis

KRAKEN:ETHUSD   Ethereum
ETH playing with the top of the channel just like XBT! This could be a good overall market sign as it means we might finally be testing the top supports to break out and go n that bull run that everyone keeps talking about, however, as we have seen a lot recently there are also solid signs of a bull trap so trade intelligently.
ETH has been playing a game of squeeze down this channel the past few hours. BB squeeze up tight and then there is a large break up or down. Seems fairly consistent so I'm considering jumping in on a few of these waves. Looking for a solid point now while playing smart on the bull trap. I'd rather miss the start of the run then get trapped in a dip.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.