ETHUSD
ETH has been a fabulous short all the way dwon from 399 in a succession of trades over the summer. Left this one looking for a bounce from 252 and by chance happened to write on it last at exactly this point.
At least shorts were closed out there but really should have reversed long there too.
Easy to say that now of course....
It's afe agin whilst it's moving inside the parallels of the little continuation pattern it's now forming with first resistance right here at 305-6.
A break above here should trigger further strength up to 320-329 range- then once it cam break above 330 it should start to find more buyers still and run back up to the upper parallel where it should then fall away again.
On the downside a break back below 278 is needed to trigger another near term short back to 252 at least.
*For fastest ALT updates please see link at top left of main page.
ETH has been a fabulous short all the way dwon from 399 in a succession of trades over the summer. Left this one looking for a bounce from 252 and by chance happened to write on it last at exactly this point.
At least shorts were closed out there but really should have reversed long there too.
Easy to say that now of course....
It's afe agin whilst it's moving inside the parallels of the little continuation pattern it's now forming with first resistance right here at 305-6.
A break above here should trigger further strength up to 320-329 range- then once it cam break above 330 it should start to find more buyers still and run back up to the upper parallel where it should then fall away again.
On the downside a break back below 278 is needed to trigger another near term short back to 252 at least.
*For fastest ALT updates please see link at top left of main page.
Longer Term Chart