ETH Showing it's moves - But needs more volume

BITSTAMP:ETHEUR   Ethereum / Euro
Hello !

Let's see whats going on the 6 Hour ETH EUR chart!
We can see that we are progressing nicely but met some tough resistance at 700€ and got kicked down to the mid-low 600€,
but the bulls pushed us back up, and right now we are hovering just below the 700€ resistance again.

To successfully break 700€ we need the volume to increase, If we manage to break 700€ and sustain above it - it would be a huge victory for the bulls.
If we manage to push all the way up to the next resistance around 800€ , we will probably see some selling again which could drop us down to either 700 or the the minor support zone that i marked out, and then perhaps bounce from there.

However, If we cant break 700 i have a feeling that people will stop believing and we could in worst case go back to re test 450€, but the preferable option would be to move sideways until volume steps in.

Good luck trading
Trade closed manually: Looks like we will fall out of this channel with the current progess.
Dangerous signs! Locking in profits and closing my trade, waiting this out a bit.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out