After that major capitulation, retest of the capitulation lows. The 4 hours chart is showing a strong inverse head and shoulders to push ETH to 4300 and above. 4300 first target would put us just above VPVR resistance where we can see consolidation before a leg up to next resistance.
Follow and like, after the move to 4300 I will post an update for next supports and resistance.
Follow and like, after the move to 4300 I will post an update for next supports and resistance.
Comment:
At the moment we have a retest of the bottom of the right shoulder at 3900. From here I am opening a trade with $3650 stoploss. 1 hour and 4 hour chart, as well as VPVR, shows strong consolidation in this range of 3800-4000, so very strong support and potential for bottom here.