ETH NEEDS TO BREAK $3,182 RESISTANCE TO CONFIRM CONTINUATION
Hello Traders,
This is a follow up to my previous idea on ETH.
I am yet to see see an opportunity for a good buy set up on a daily time frame even as I have a bullish bias for very obvious reasons beyond technical analysis.
The crypto currency has been closing below $3,180 for the past for days and has remained consistently in the oversold area since 6th August based on Stochastic Indicator. However, it has turned the strong resistance of $2,889 to support since 7th August, 2021, giving some indication that the bullish run may continue.
There is a chance of retesting $2,889 if the current daily candle fails to close above $3,276 convincingly. on the other hand, if price closes above that price level, I will look for a proper buy set up using the 15mins time frame for proper entry.
This is a follow up to my previous idea on ETH.
I am yet to see see an opportunity for a good buy set up on a daily time frame even as I have a bullish bias for very obvious reasons beyond technical analysis.
The crypto currency has been closing below $3,180 for the past for days and has remained consistently in the oversold area since 6th August based on Stochastic Indicator. However, it has turned the strong resistance of $2,889 to support since 7th August, 2021, giving some indication that the bullish run may continue.
There is a chance of retesting $2,889 if the current daily candle fails to close above $3,276 convincingly. on the other hand, if price closes above that price level, I will look for a proper buy set up using the 15mins time frame for proper entry.
FINSPOT ACADEMY
