ETH price action looks like it's finding comfort at the 1.0 Median Line on the Pitchfork after the reaction lows. It briefly touched the uptrend line, but still looks to be maintaining the downtrend channel.
On the 1H time-frame, the 50 Period Bollinger Band with a Standard Deviation 1.25 doesn't look to be turning up, as it's presently leaning downward. The lower part of the band is positioned at the uptrend line now, and looks to retest it's strength once again.
A zoom out will show the pitchfork from the lows to reaction high at $170, also where the uptrend line meets. This is looking like a critical juncture for price action.
Good luck , Traders. May you find yourself on the profitable side of it.
On the 1H time-frame, the 50 Period Bollinger Band with a Standard Deviation 1.25 doesn't look to be turning up, as it's presently leaning downward. The lower part of the band is positioned at the uptrend line now, and looks to retest it's strength once again.
A zoom out will show the pitchfork from the lows to reaction high at $170, also where the uptrend line meets. This is looking like a critical juncture for price action.
Good luck , Traders. May you find yourself on the profitable side of it.