Lots of possible trade setups got wrecked on the daily after the SEC went after binance and coinbase. Looks like the ETH believers have bought up the dip as we touch of the super loose channel. Far stretched from the ICH cloud and SMA on the daily but the 1 hour tells a bullish different story. Looking for more bullish signals later in the week and maybe am entry point. Not financial advise so its not.
Comment:
Looking further at the 1 hour chart we see the channel acting as a support with a couple of touches along the line. Will wait to see if the ICH cloud on the 1 hour acts as support or resistance before entering trade. Time will tell
Comment:
The crypto market didnt like the lastest news from the FED. Will look for a bounce back to the channel and another possible rejection before shorting this.