ETH had a double bottom which played out perfectly driving price to a key level of resistance.
Price was rejected but still maintaining the solid uptrend.
A bounce off the 38. on fibs should give another nice impulse back up to that key level.
a close above will take us to previous structure at around $538
Wicks to the down side tell me that buyers are in control keeping the price up.
If we fail to bounce off the 38 nicely I would expect us to consolidate down at the 61.8
ETH/USD
4hr
Price was rejected but still maintaining the solid uptrend.
A bounce off the 38. on fibs should give another nice impulse back up to that key level.
a close above will take us to previous structure at around $538
Wicks to the down side tell me that buyers are in control keeping the price up.
If we fail to bounce off the 38 nicely I would expect us to consolidate down at the 61.8
ETH/USD
4hr