ETH found short term support on 2 hr cloud, and got rejected by the Kijun (red line). A break of TK could give a small boost and if support holds, continue to 1000 $. Still not very strong though. Another rejection at 2 hr TK, will bring ETH down to test cloud support. If that is lost the momentum downwards could increase. In other words, still a no-trade zone. The 4 hr Kijun is still around 600 $ and could provide a bounce for a bullish move. A strong Kijun bounce is a buy signal. We will probably test that again.
Key levels: 600, 580, 550, 530 $.
Trade carefully, this is not advice.
Key levels: 600, 580, 550, 530 $.
Trade carefully, this is not advice.
Trade active:
Following cloud support carefully
Comment:
Small boost from cloud support once again. Not very convincing follow through for a crossing. Wait for TK cross on 1 hr!
Trade active:
TK-cross! :)
Trade closed: target reached