Keeping this short and sweet. Ethereum is wedged between the 365ema (resistance) and the 200ema (support now) for the short term. The overhead resistance is red are targets while the lines below indicate support levels. Although Ethereum is showing a bit of strength IMO, trade with caution as we are still in a bear market.
This is for educational purposes only, by no means is this trading advice.
Happy Holidays!
This is for educational purposes only, by no means is this trading advice.
Happy Holidays!
Comment:
Ethereum wicks the top of the triangle perfectly. This re-establishes resistance. If Ethereum closes below 122.70 on the daily, it would indicate weakness amongst the bulls and could result in a momentum shift back to the downside (with support levels as downside targets. Checkout my btc chart as well. I appreciate the likes thank you all.