ETH Currently in Limbo. Short Term Bullish with Low Volatility
After finish taking my profit from the long bullish position over Friday and Saturday, today BTC and ETH, like myself, seems eager to take a quick break.
I think volatility will be slow in the next half of the day if not until tomorrow, good time to enjoy the weekend with your loved ones until further surge happens.
I personally think it is leaning more towards the bullish side as supports are still in place and no sign of heavy correction yet.
There is a very very strong support (visible through daily and weekly time frames) at 3295-3325 area, with slightly weaker resistance at 3435-3475 (where ETH climb bullish climb was also halted last night).
I advise to wait and see for the time being, with a better risk and reward ratio to trade long entering in the 3295-3325 zone later today
Thank you kindly for stopping by and checking my analysis. Please feel free to give constructive criticism or your own opinion should you may find it agreeable or different than your own personal thoughts.
Hope everyone is having a great Sunday
I think volatility will be slow in the next half of the day if not until tomorrow, good time to enjoy the weekend with your loved ones until further surge happens.
I personally think it is leaning more towards the bullish side as supports are still in place and no sign of heavy correction yet.
There is a very very strong support (visible through daily and weekly time frames) at 3295-3325 area, with slightly weaker resistance at 3435-3475 (where ETH climb bullish climb was also halted last night).
I advise to wait and see for the time being, with a better risk and reward ratio to trade long entering in the 3295-3325 zone later today
Thank you kindly for stopping by and checking my analysis. Please feel free to give constructive criticism or your own opinion should you may find it agreeable or different than your own personal thoughts.
Hope everyone is having a great Sunday