Hello fellow traders,
In this analysis we see that ETH failed to breakout 3 times so far .
Now its time to to get tested one more time.
By looking at the MACD and OBV indicators i believe that is possible to have a short bullish movement and then try to break the downtrend-resistance zone ( very strong resistance ).
The bulls saved ETH for the time being, lets see what happens next .
I wouldn't suggest buying position yet !!
In this analysis we see that ETH failed to breakout 3 times so far .
Now its time to to get tested one more time.
By looking at the MACD and OBV indicators i believe that is possible to have a short bullish movement and then try to break the downtrend-resistance zone ( very strong resistance ).
The bulls saved ETH for the time being, lets see what happens next .
I wouldn't suggest buying position yet !!